3 ms·
What do you mean by “semi-custodial”? You’re not giving anyone the keys to your address. It’s nothing like a bank.
by dieortin 6y ago
What do you mean by “semi-custodial”? You’re not giving anyone the keys to your address. It’s nothing like a bank.
- __blockcipher__ 6y agoYeah, not sure where they got that. The problem with the LN is that it's like a gift card (I said credit cards before but gift cards is a better analogy). I need to send $X on-chain to establish my "store credit" so that we can transact off-chain for future transactions, before eventually resolving on-chain at some point in the future. Imagine network address translation but stupider by orders of magnitude :P