raudaviciusm on Nostr: The analogy of Bitcoin/Lightning as Gold/Paper money oversimplifies things, and might ...
The analogy of Bitcoin/Lightning as Gold/Paper money oversimplifies things, and might even make LN seem weaker than it is.
Gold-backed paper relied on trust, whereas Lightning is cryptographically secured by Bitcoin itself. LN channels aren’t just claims - they are a set of pre-signed transactions that either party can enforce on-chain at any time.
Of course, LN has challenges like liquidity and channel directionality, but these are solvable trade-offs.
Gold-backed paper relied on trust, whereas Lightning is cryptographically secured by Bitcoin itself. LN channels aren’t just claims - they are a set of pre-signed transactions that either party can enforce on-chain at any time.
Of course, LN has challenges like liquidity and channel directionality, but these are solvable trade-offs.