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No it's not. Even if everyone had channels with the same, single central node it would have more guarantees than Visa does. The single central node could not j
by thebean11 5y ago
No it's not.
Even if everyone had channels with the same, single central node it would have more guarantees than Visa does. The single central node could not just decide to keep everyone's money, as participants have the option to create an L1 transaction to withdraw funds if node they have a channel with misbehaves.
- 8note 5y ago> participants have the option to create an L1 transaction Theoretically they have that option, but in practice do they? Theoretically I can sue visa to get the right outcome too, which is a good guarantee