And what is LN in fact? Just a "delayed" onchain tx. Right? Is even so wrong to see people using the term "offchain" when they refer to a LN payment. HTLC
insisting that LN is something different than onchain. HTLC is a contract on how the sats are moved between 2 peers. No offchain, no other chain no bullshit. If you say "offchain" it means you take them out from the Bitcoin chain and put them on another chain. But that is false. Sats never leave the Bitcoin chain.
Lightning is the biggest coinjoin
Jimmy missed that class :)
It says "on-chain" in the title though.
And what is LN in fact? Just a "delayed" onchain tx. Right?
Is even so wrong to see people using the term "offchain" when they refer to a LN payment.
HTLC
https://docs.lightning.engineering/the-lightning-network/multihop-payments/hash-time-lock-contract-htlc
In an ideal situation the HTLC never hits the chain, making the term "offchain" perfectly applicable IMO.
I was expecting this wrong answer from SS but not from you.
Where am I wrong?
insisting that LN is something different than onchain.
HTLC is a contract on how the sats are moved between 2 peers.
No offchain, no other chain no bullshit.
If you say "offchain" it means you take them out from the Bitcoin chain and put them on another chain. But that is false. Sats never leave the Bitcoin chain.
They are reusable on-chain transactions
It's no less on chain than a coinjoin or submarine swap
Matter of perspective.