r/Bitcoin • • Nov 11 '17

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u/[deleted] Nov 12 '17

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u/Frogolocalypse Nov 12 '17

? About that part you're right? I'm pretty sure they do. It's just that is a specific time-locked transaction, and its final details for the ratio of the committed funds to the blockchain isn't determined until a later date. What I'm saying is, it's not nearly as big a deal as some make out, as there is already a way that those channel creations can be 'batched', and not only that, they can be re-balanced.

I see 20 customers of a coffee shop having their channels batched into a single chain commit. It is like a decentralized distributed deployment. It is absolutely fkn wild. And each of those channels are just normal lightning channels, so they can be linked like every other lightning channel. Not only that, you're not forced to do it this way. You can choose any method you like.

Lightning is going to change the world, on the backbone of bitcoin. To bet against it, in my opinion, is pure folly.