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Can't tell if sarcastic or not. But, that's perfectly legitimate. You could do that and if everything is signed correctly, the network will accept it. I could

Can't tell if sarcastic or not. But, that's perfectly legitimate. You could do that and if everything is signed correctly, the network will accept it. I could write down a seed phrase on a piece of paper and hand it to you, and that's a completely offline transaction.

someplaceguy 3y ago
But just to be clear, unlike the hypothetical "spreadsheet on a desktop" (even with signed transactions), Lightning has more cryptographic assurances than that. It prevents the parties of a transaction from double-spending balances behind each other's backs. It also doesn't require trusting the other party once a transaction has (almost instantaneously) completed.
eli 3y ago
You don't need a network at all. Just email me who you want to transact with and I'll create a row for them.
- someplaceguy 3y ago
  Ok, so can I now redeem the BTC that you sent me earlier please, so that I can spend them in the first layer (or the second one)? Given that nobody else seems to want to use your third layer. The fact that I even have to ask you already demonstrates how shitty your third layer is compared to Lightning, not to mention all the other obvious ways in which it's infinitely worse.
  - eli 3y ago
    Typical Second Layerist. This is the future of money we're talking about, but you'd rather live in the past.
    - someplaceguy 3y ago
      I know you're trolling and I even found your comments somewhat humorous, but I hope you're not misleading yourself (or others) into thinking that you have a valid point here or that your "third layer" scenario is in any way comparable to Lightning in anything except the most superficial ways... In any case, seeing that I don't have a valid signed BTC transaction from you (because your 3rd layer suuucks), you don't want to allow free exchange between your layer and the upper layers, and I wouldn't want to bother with court litigation even if you were serious, well, have a nice day and good luck with your third layer lol

someplaceguy 3y ago

But just to be clear, unlike the hypothetical "spreadsheet on a desktop" (even with signed transactions), Lightning has more cryptographic assurances than that. It prevents the parties of a transaction from double-spending balances behind each other's backs. It also doesn't require trusting the other party once a transaction has (almost instantaneously) completed.

eli 3y ago

You don't need a network at all. Just email me who you want to transact with and I'll create a row for them.

someplaceguy 3y ago
Ok, so can I now redeem the BTC that you sent me earlier please, so that I can spend them in the first layer (or the second one)? Given that nobody else seems to want to use your third layer. The fact that I even have to ask you already demonstrates how shitty your third layer is compared to Lightning, not to mention all the other obvious ways in which it's infinitely worse.
- eli 3y ago
  Typical Second Layerist. This is the future of money we're talking about, but you'd rather live in the past.
  - someplaceguy 3y ago
    I know you're trolling and I even found your comments somewhat humorous, but I hope you're not misleading yourself (or others) into thinking that you have a valid point here or that your "third layer" scenario is in any way comparable to Lightning in anything except the most superficial ways... In any case, seeing that I don't have a valid signed BTC transaction from you (because your 3rd layer suuucks), you don't want to allow free exchange between your layer and the upper layers, and I wouldn't want to bother with court litigation even if you were serious, well, have a nice day and good luck with your third layer lol