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31 sats \ 4 replies \ @justin_shocknet 13 Aug \ on: First implementation of Lightning channel factories bitcoin
Calling hoax on this headline
Portal’s MPCh is a new layer that sits between Bitcoin L1 and Payment Channels on Lightning Network.
  1. It's not really Lightning, it's scalooor fud vTXO magical trust layer affinity scam nonsense
  2. channel batching "factories" reduce channel open costs by ~80% have been in LND for years (I'm personally experimenting with using Nostr to enhance UX of coordinating said batches)
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0 sats \ 3 replies \ @sime OP 13 Aug
I'm new to this, but channel batching is not the same as channel factories.
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21 sats \ 2 replies \ @justin_shocknet 13 Aug
Scammers just tried to co-opt the term, channel factories is a term that's been around for batching since at least 2018
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0 sats \ 1 reply \ @sime OP 13 Aug
So channel factories are Multi-Party single channels.
Alice and Bob have a channel. They can invite Charlie to the channel without an on chain transaction.
https://veronicatee.hashnode.dev/a-brief-overview-of-lightning-network-channel-factories
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21 sats \ 0 replies \ @justin_shocknet 13 Aug
Yea that's a batch with multiple initiators requiring Eltoo... not the same thing from the shitcoin page in the OP
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