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February 07, 2018, 10:44:12 PM |
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... will be fixed?
From what I understand, it has way to be used:
1) The situation of everyone currently
- You open your own channel
- Do a transaction on the Bitcoin Blockchain to fund the channel
- The recipient to need to join your channel
- You do the transaction over the channel
- Do a second transaction on the Bitcoin blockchain so that the recipient get official the amont transferred.
So 2 full transactions plus a lot of steps to do 1 transaction, is it me or this is not a good deal?
2) You already have coins deposited to a central entity
- The recipient connect to that central entity (if they are not already connected)
- You send the amount through that central entity
- If the recipient dont plan to re-use this centra entity they do a full transaction on the Bitcoin blockchain to collect their coins
This scenario can be good .... if the LN becomes fully centralized and everyone is connected in some way to this central entity. But then.... is it not what Bitcoin is all against? "But we can always go back to the original Blockchain" What will happen with transactions in progress if this central entity goes down? This central entity can charge fees, can't they over charge if they centralized? LN is suppose to have almost unlimited scalability... but if it is centralized it will be limited by this central entity?
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