bitcoin locks on the blockchain are not HTLC's, the blockchain tx's are timelocked multisigs using CLTV
bitcoins on the blockchain use a different type of lock

i can see where you can get easily confused with simple 4 letter acronyms  CLTV vs HTLC

the HTLC's in LN are the temporary 'payment/invoice' IOU contracts
what you might want to do is read some code.

but first. a challenge for you
go to bitcoins github. and in the search type in msat
go to LNs github. and in the search type in msat

what you will notice is bitcoin does NOT have a single reference to millisats or msats
https://github.com/bitcoin/bitcoin/search?q=millisat&unscoped_q=msat
" We couldn’t find any code matching 'msat' in bitcoin/bitcoin
You could search all of GitHub or try an advanced search. "

https://github.com/lightningnetwork/lnd/search?q=msat&unscoped_q=msat
" 70 code results in lightningnetwork/lnd or view all results on GitHub"

what you then do if you start reading more code is learn a HTLC is not a "final state" transaction

hopefully what you realise is that the VALUE that changes as temporary IOU (it changes as different agreements of who OWES what changes) is measured in LN as millisats. which is a different unit of account than bitcoins/satoshi's. infact a unit of account bitcoin dos not recognise

have a nice day with your research

i just watched the whole movie and although it mentions bitcoin and some ICO/tokens a few times the premiss of the movie is not actually about bitcoin being the big part of it. its mor that bitcoin was used just in the middle of the laundering

its about a guy who does AML(antimoney laundering) investigations. he starts out as some savant(genius with numbers) who finds alot of fiat corruption in a business he is employed by, they dont like how detailed his report was and so he is persuaded to instead go investigate a small town bank in his old hometown for a few weeks to let things calm down

he turns up at some liquor store where he see's an old buddy of his who they used to steal liquor from the store, now owning that store. and this buddy is really into bitcoin like most typical basement dweller fans. he even has a bitcoin ATM in the liquor store and some miners in the liquor stores coldstore

turns out this buddy is a bit of a hacker and does alot of research on companies and now does research on potential ICO's to make investments (non movie opinion, cant be that good to still work in a small town liquor store)

anyway the AML investigator sets up his day in a back office of the small time bank, weeding through lots of disorganised paperwork and eventually asks his buddy to help him out look into a few things (non movie opinion. suddenly the AML character that WAS meant to be super smart, now needs a guy running a liquor store to help him investigate..)

anyway long story short.
the bank is found to be linked to money laundering between an art gallery and a small canadian fishing bait shack(shell company for russian mafia) where bitcoin trading using an OTC is done in the middle to anonymise the funds a bit. all on the behalf of some russian mafia.

russian mafia find out about it, and burn down the liquor store (not before the buddy makes a video of some evidence and a bitcoin HDseedwallet passphrase) and the aml guys dad is kidnapped in an attmpt for the fraudsters to get the evidence back

in my view the movie is not a "crypto" movie, but more of a FIAT FRAUD movie featuring crypto. it doesnt really make bitcoin look bad but treat bitcoin as just an anonymising tool so its not a anti-bitcoin movie just a russian fraud movie

to be honest. i feel the tv show "startup" done better at trying to tie bitcoin/ico's into a story line than 'crypto' did. as the movie was more fiat laundering/russian mafia based

but hey, who am i to judge.
americans call a beef burger, hamburger
meat sandwich a cheese steak
a pizza a pie
and chicken wings bufalo wings..

i feel the movie just had a weak fiat fraud story line and thought maybe if they throw in some linkage to bitcoin they could buzzword the movie and get more notoriety for the movie by naming it something bitcoin tech based. because without the OTC trading in the middle of the money laundering.. it would have been a plain boring fiat fraud money of not a strong storyline

and then all someone needs to do is use a ham radio with an amp.. and just send out a 'whiteout' signal to block transmissions......

i guess the OP never thought about signal jammers

so i gave some lunch to think about, now its time for the evening meal

unlike things like pepsi whos distributed refrigerators are connected to business/residential electric supplies where the electric bill is of the the electric consumption allocation...

what most people do not know is that power stations know roughly how much consumption they will have and they adjust prices accordungly... but
.. they actually PRODUCE excess to ensure utility is always met.
for instance china consume 500TWH but PRODUCE 600TWH
this ensure the chance/ability of black/brownouts dont/shouldnt occur by any surprise spike in utility/consumption.

i explain this because many large farms dont contract with energy suppliers for the 500thw consumption/utility amount.  but they actually do deals outside the norm to buy up some of the excess

.. those not familiar with electrical supplies.
imagine a carrot farm that sells premium straight carrots to retailers. but throws away its 'wonky veg' which is perfectly healthy just not used by consumers...
then imagine a industry buying up the 'wonky veg' that would have just gone to landfill
it has no impact on the consumers supply, it has no extra cost on the farmer, infact the farmer profits and less waste is created

well thats what the big players do. they buy up the excess energy that would have gone to waste.

...
now if you want a treat for dessert to sink your teeth into as some food for thought.
imagine if ASICS never happened whereby we were still in the GPU era of people connecting rigs 100% to domestic energy consumption/bill/supplies

also knowing the GPU hashrate, an kwh used per ghash.. imagine how many petawatthours would be used a year at todays hashrate..

so i hope with lunch, dinner and dessert, i have given you enough food for thought to be full and happy

how about start by destroying your own bitcoins to prove how noble your idea is before desiring that other peoples coins should be destroyed

your 4 years out of date
people ben screaming "bitcoin china" for years and most farms are not on china
and those that are, are not using fossil fuel or electric designated for residential/other industrial use. infact the main farms do deals with electric companies where the suppliers know thier average consumption, vs their generation. (there is always excess) and its the excess(unused electric) that farms buy up in long term contracts at a decent discount.

firstly bitcoins annual consumption is NOT 54.6

heres some math
using 2018's main asic of s9. which is 14thash for 1.3kwh
(there are more efficient asics now but lets use the LESS than efficient, just to prove the point)

at bitcoins PEAK it got to 62exahash. note: PEAK not constant
so 62exa / 14thash = 4,428,571 asics
4428571.428571429 *1.3khw = 5757142.857142857kwh
=5757.143mwh
=5.757gwh

so at the very peak bitcoin was using 5.757ghw each hour
now if that peak was a constant 62exa hash every hour of every day for a year
=50432.57142857143gwh a year
=50.432twh/year

thats 50twh AT PEAK.
but we all know that bitcoin right now is not using 62exahash right now
but w all know that bitcoins hashrate went down to 36exa in december
we all know that bitcoins hashrate was as low as 27exahash this time last year

which puts the YEARLY consumption between 22twh to 50twh
having exported a year of exahash data and using the math of the less than most efficient asics available now but most popular for 2018 to be fair.
and actually doing the math
we get
34332.86065gwh a year
=34.333 twh a year NOT 54.6twh

next. large amount of hashrate is powered via renewable energy. so feel free to cut the co₂ number down by more than half of what the topic post wrote.

by the way, pepsi lease out their logo'd refrigerators to fastfood restaurants and the electric utility to just keep pepsi cool. far exceeds keeping bitcoin secure.

so here is a question. for a beverage that just ends up being body temperature urine eventually. vs bitcoin which is an immutable international currency. which is wasting more electric

adding soap to your shower thought, to clean up things

imagine an average payment was for a coffee($3) and the routing fee was 1millisat per channel
(yea most users route hopping would end up paying 10 millisats to hop through 10 channels(degree of separation math))
(but where each channel on the route only charges 1millisat)

well for your channel to hop enough payments to make 20cents (0.00004btc) is the difference of
0.00000000001
vs
0.00004000000

so although your gonna try getting the counterpart to pay the onchain CLOSE channel fee. the channel will need to consist of
4000000*$3 to make 4000000 payment to make 20cents just to pay for YOUR initial 20cent channel OPEN cost

$12m channel value your counterpart needs to pass to you for you to claim 1 millisat per payment just to get a break even for just opening a channel at todays onchain fee 20cents.
... think about that

stompix, i have and will never say that the earth is flat. but goodluck trying to infer things .
also
want to know why facebook/amazon and other corps register around the world but then dont pay much in tax..

want to know why iphones even with parts coming from many asian locations are seen as an american product
want to know why iphones even with parts coming from thailand are declared as made in china,


also you might want to look into the laws and stuff. before trying to infer "chinese government own mining" like many attmpt to do

ill give you a hint.
why do you think some regions of china are rice paddy fields and other regions are metropolises (such as shenzhen)
hint: the draft document this topic refers to is not a "china wide prohibition list"

i tried to simplify the stuff down to ELI-5 in previous post. but if you want to go the full on legal/financial background research waffle, go ahead. eventually when you peal it away you start to see that jurisdictionally the details line up with my ELI-5

heres one pointer
you mentioned a couple TSMC fabrication factories.
making chips is not mining. its just making chips.
same for sewing fabric together is not the same as selling fake D&G handbags.. its just sewing fabric

jurisdictionally. ASIC mining chips are made by a company registered in [Headquarters: Hsinchu, Taiwan]

loads of people think and promote china as corrupt because on one hand they are promoted as communist, but on the other hand people see them as a country making counterfiets and offering cheap labour and not following laws
kind of funny, a country cant be both powerful overlords of law and control, while also being lax and ignoring laws

they actually do follow laws. the thing is people need to understand the laws.
its why the UK government cant just slap amazon/starbucks/facebook with a yearly tax bill and instead has to try getting them corps to volunteer over some tax
its why even with 'fabs' in china, china cant slap TSMC with a cease and desist

its why in the prohibition days of alcohol. where beer and wine were prohibited. but yeast, oats, barley and grapes were still allowed to be made

feel free to dig deep into all the laws and write a 1000 page book about it.
but short ELI-5 version is TSMC is Headquarters: Hsinchu, Taiwan
and bitmain/canaan are not worried.

big hint. if the racist fox news crowd really wanted to continue their 'china communist' rhetoric about prohibiting tech by reading the draft document which shows that it wants to promote agriculture and prohibit tech.. then shenzhen would still be a rice paddy field.
but enjoy your deep dive into the ins and outs of chinese law and writing your 1000 page book. but ELI-5 version is that bitmain/canaan and other asic companies are not worried. even if the fox news crowd of racists want to shout how mining is in trouble due to "china" (in a tone that china is a single person)

below the chart data in blockchain.info it has option

30 days | 60 days  |  180 days  |  1 year  |  2 year  |  all time          | logarithmic scale | 7 day average |CSV |JSON


the 2 buttons you need are the ones i demonstrate as green
first pick 2 years to get the 2017 to now timelime
then save as csv (comma separated value)

you can then open a csv file in excel

bitcoins PRICE is up and down. unpredictable
there could be a massive speculative wave causing a new TEMPORARY glitch new ATH price again. and no one can predict that.

but.. the LOW.. well thats a different story.
when people finally reach their bottomline 'i refuse to sell for less' eventually in a downward market everyone reaches that point. and the bottomline LOW of a period is a good indicator of the real VALUE of bitcoin. the point where once all positive speculation and spin has been thrown out. the lowst price being willing to be exchanged is found.

this low is more usful then a high, because EVERYONE is affcted, involved in and can benefit from a low.. but only a small % are affected by highs.

so lets not think/speculate about possible highs. but the possibility of what a periods LOW would be(meaning the price would be at or above that)

in 2018 i done some math based on the price of acquiring bitcoin(mining and exchanges) where i used hashrate and asic cost for the mining element. and also bitcoin prices, exchange volume and also UTXO movements/age for the user exchange acquisition element

now to make things as very simple as a 5yo with a calculator can understand.
take the LOWEST hashrate in exa for a given period. the longer the period the more substantial the bottomline resistance will be.
and multiply the number by roughly 100 to get a ROUGH baseline of value.

EG
last few months of 2018 the hashrate low was 35exa.. bitcoin LOW was $3500
autumn 2018 the hashrate low was ~58exa.. bitcoin autumn LOW was $5800

the actual math is not 100x of hashrate. but a variable that changes depending on the variety of mining costs alterations over time(new batch prices, new gen specs)

but if going by a 5yo rough figure.
if the OP presumes $16k by november 2019. then he is also presuming hashrate to be 160exa by november 2019
if the OP presumes $87k by november 2020. then he is also presuming hashrate to be 870exa by november 2020

C.C.N
not
C.N.N

seems a few posters just read titles and hit reply before doing any research.
kind of funny that some shout out 'mainstream bad, need to make own cryptobased media..'
 yet its a crypto media the negative news is wrote on.
its usually cryptomedia that copies and pastes negative, false, propaganda first in the hope the multiple copies of same story in multi crypto locations will draw mainstream media into following it

dont become a sheep. dont just read short messages/titles and follow it. do some research

you repeat the same thing, but have no clue. get a clue and see if your repeats matches your own clue.
i gave you a clue, its called millisat. now its time you go out and search about it and learn it then go learn beyond it taking more steps until you find your own clue

1. the staff in 2017 vs 2019 is similar numbers. the staff of 2018 were tmporary staff who always were going to lose their jobs after their contracts completed.
2. i couldnt see any videos of bitmain ruthlessly shutting down mining centres on youtube. i could only see noob vloggers talking about propaganda sourced by BTCC's samson mow. which funnily enough BTCC shut down their mining pools when they got bought out bt DCG and samson mow lost his BTCC job
3. jihan wu is still head of bitmain. he just now delegated someone else to manage the day to day. im guessing he is now enjoying a nice vacation while still getting income

i must be a bagholder then
im holding coins from 2012

funny part is.
o_e_l_e_o says its better to take a 10% loss....
um nah. im not at a loss. i got my bitcoin at $6each and i wont sell them right now for $5.40
who would dare sell them for $5.40 right now

o_e_l_e_o you need to understand that when temporary price drama of $5800-> $3500->$5000 is not a measure of 'loss'
just like the temporary drama of $20k

hardly anyone actually bought at $20k so trying to suggest people sell now is stupid because not even 1% of the community is at a $15k loss. infact over half the community are at profit right now(half is understating, the numbers are higher)

as for bch
i never cared for altcoins. i have not even bothered to pull my privkeys out to sign altcoin transactions to claim them coins.. to me its free funds. so again no loss..
there is NO risk when it comes to FREE altcoins. FREE means FREE. meaning zero risk.
even if they went down to 1cent.. thats still 1cent profit.

there is a major difference between loss/risk....... vs profit/maximal gains


yea i also separately daytrade and play the ups and downs using some play money, but the big picture view is not to care about the actual $$ value. as it just ends up driving people potty thinking they are at a loss, even when they are not.

confusion doesnt hold. bitmain and canaan both said they are not confused or worried.
its the racist 'fox news crowd' that want to scream 'china bad' all day long that are confused

as for moving out of the china. to be honest. where they head quarter has NO impact on bitcoin.
but as for staying innovative. i would say having an office/meeting room in the shenzhen region is beneficial to them to have close contact with the different industries

i guess this is where windfury gets his mis-information.
so lets atleast state the obvious. seeing as he thinks the link he quotes is his bible to LN. lets use it against him with some obvious falacies

Q 7: Will there be any form of custodian risk in a Lightning Network?
Do I need to trust anyone to hold my money on my behalf?
A: No, this system is not based on trust; you remain in full control of your money.
vs
Q13:
A Holding value on a Lightning Network means that you are in possession of double-signed transactions. .....
The transactions you are holding are of the 2 of 2 multi-signature type.
Both you and your counterparty will sign, and you will both store the transactions locally.

---

Q 8: I’ve heard that Lightning transactions are happening “off-chain”…Does that mean that my bitcoin will be removed from the blockchain?
A: No, your bitcoin will never leave the blockchain.
vs
Q 9: I’ve heard that the Lightning Network will require my bitcoins to be locked up…Is this correct?
A: “Locked up” is a very misleading term in this case.
Lightning will not make your money less accessible.
Your money will actually become more accessible when held in a Lightning channel.

---

and then there is the big facepalm of Q14

the long waffle that bitcoin has no coin and is just signed message so if signed messages are involved then it must be bitcoin

what the article DOES NOT correctly mention is that the payments within LN are measured in MILLISATS as the unit of account. but the bitcoin network is measured in sats.

a LN payment signed in millisats would not be accepted onto the bitcoin network.
this is why people on LN lose value/get locked out when errors arise as the LN system does not use 8 decimal(sat) transactions at all times. it only uses them for the opening/closing
when people go offline, or you lose your data or someone on a route does not agree to the route in time. 'value' in LN gets locked because its not just using standard bitcoin transactions of 8 decimal where all thats needed is the privkey to move value.


windfury. please do yourself the biggest favour, and update your research

i talk about millisats, i shown proof that LNbig hosts alot of the 'balance' which shows its not a large consumer base but a corporation faking growth by bloating its own balance into the network

and all windfury can do is talk about social names and social stuff. no code, no stats, no features.
so yea windfury you love social drama not bitcoin facts

now go spend some time learning about bitcoin, not social drama. it will help you

bitcoin mining has not been a CHINA thing for a couple years now.

will people stop living in propoganda past

bitcoin mining is actually very distributed and has been so for years. your about a couple years out of date if you still think 'china owns mining'

thats the old racist rhetoric of the fox news crowd style of propaganda trying to flame up drama of how mining is some how communist

gotta find it funny though
china has more diversity than america, 3x the population. yet people still talk of "china" as if its a single person