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Payment channels are not at all credit. Credit means you're relying on someone to pay you back, and have a risk that they won't pay you back. Credit relies on t
by billytetrud 5y ago
Payment channels are not at all credit. Credit means you're relying on someone to pay you back, and have a risk that they won't pay you back. Credit relies on trust. Payment channels do not rely on trust. You can always retrieve your money even if your channel partner doesn't want to give it back.
- Qworg 5y agoUnless you value the time your money that is locked up at zero, they are definitely credit - as GP said, fully-collateralized loans.