0 sats \ 0 replies \ @WaraiOtoko 26 Jul 2022 freebie \ on: BTC Lightning is faster than Mastercard ⚡️ bitcoin
Strictly speaking the full lifecycle of a bitcoin transaction has always been faster than a full credit card transaction as settlement for the latter can take days.
This makes me wonder at what point should a lightning transaction be consider settled? It seems to me that if you have a well set up node that there should be no counter party risk? Or would it take the closure of a channel to consider it settled?