3 ms·

I'm saying Teechan isn't secure in the way Bitcoin is. Your peers could be cheating and you wouldn't know it.

• cryptonerdza45 10y ago
  What do you mean? How do you know if your peers are cheating in the Bitcoin network? When they've broadcast a transaction that spends your money? At this point it's already too late. In teechan the processor is responsible for holding your funds until you take them out of the channel. If somehow an attacker could steal them (which is very difficult to do considering the security model!), you would know that they cheated when they spent your funds on the network. I don't see the difference?
  • jcoffland 10y ago
    The teechan processor could steal your money because it's not secure.