Just wondering what happens to lightning channels after a hard fork? Would it be the opening/closing balance? Or some kind of a snapshot?
376 sats \ 3 replies \ @nerd2ninja 2 Oct 2023
So your commitment transaction is going to be on both networks. You could probably submit an "old state" on the fork no one cares about and get away with it (your channel partner probably isn't going to submit a justice transaction on a network they don't care about)
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280 sats \ 2 replies \ @nullcount 2 Oct 2023
So LN nodes have an incentive to operate nodes on the fork chain? At least temporarily. They'll need to deploy a node there unless they they want to risk losing access to those forked coins via an undetected fraudulent channel close.
And like you say, there may be loot available by stealing your peer's fork-coin sats.
Historically, the move has been to sell the forked coins ASAP. But once a node operator is setup on the forked chain, they may decide to let it ride and see what happens.
Could watchtowers or SCBs offer a way to close forked channels gracefully and/or protect one's forkcoins from theft without having to run a full-blown node on the fork-chain?
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1 sat \ 1 reply \ @nerd2ninja 2 Oct 2023
I guess...if you really care that much about yet another shitcoin
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276 sats \ 0 replies \ @nullcount 2 Oct 2023
People who sold their BCH early have more sats because of the fork. They didn't have to care about it at all. Just do the minimal amount to sell it to someone who cares more than they do.
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52 sats \ 0 replies \ @TheBTCManual 2 Oct 2023
Hmmm, very interesting situation especially with all the L2s we're starting to expand on now it would be very messy. I wonder how many people did claim their BCH and how many just died because people didn't bother to claim the fork
In case of LN, I guess it depends if they offer LN and if they respect channel back ups/states so you could broadcast that and claim your sats or I guess it would default to your channel open amount
I wonder what happens in the case of Liquid do those users just miss out on the airdrop and the federation pocket
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50 sats \ 0 replies \ @TonyGiorgio 3 Oct 2023
It's best to run a watch tower that can operate on multiple chains watching it. Needless to say but layers on top of Bitcoin are in tricky territory when the foundation is weak.
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