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Does LN still have that crazy design where if you lose connectivity your deposit could be lost? Also doesn't it make Bitcoin even more hyper-deflationary by fo

• deleted 8y ago
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• exit 8y ago
  > if you lose connectivity your deposit could be lost i haven't heard of that. if you aren't monitoring on-chain transactions the other channel party may commit an out of date state, and you may not manage to issue a justice transaction in response. "watchtowers" are currently in development, to which this burden can be outsourced. > doesn't it make Bitcoin even more hyper-deflationary by forcing money to be locked up in LN nodes lightning channels do not permanently lockup bitcoin, no. the channels have a timelock based maximum age, but cooperative peers can agree to finalise and close the channel at any time. in any case, value can circulate via the lightning network.
• mindcandy 8y ago
  The connectivity requirements are like checking your email once a day or so. It’s not like you lose money if your phone goes through a tunnel. In practice, your money should end up feeling more locked up if it is not on LN. LN becomes the checking account to the BTC savings account.
• afsginionio 8y ago
  Hyper-deflationary? Didn't it have 300% inflation last year? It's designed to be deflationary, i.e. it's designed to MOOOOON and make the early speculators rich. But, like most things in cryptocurrency, that's failed miserably. We now have hyperinflation instead.