doomad:
(normal grammar naziism about thinking i mean exact buzzword, rather than PR campaign
context (meaning) that results in advertising LN as the next bitcoin. or the next evolution of bitcoin or 'is the bitcoin network'
EG 'layer two' L2 bitcoin layer, bitcoin solution. "
It is layer 2.
It operates on top of Bitcoin, ergo it's a layer.
you might want to check the bitcoin course code for any lines of code that have the peer connection stuff related to connecting to LN.. oh wait, ill save you time.. there are none
so to highlight ill quote your misleading words
Neither. They are connected networks, not separate. Misleading question.
....
Oh good. Something that I can actually answer without accepting any misleading rhetoric. LN does function on top of other blockchains. And that's a positive quality, not a negative one. If other networks are deploying LN to allow people to transact off-chain, then it must have some useful purpose. My view is forever locked in. I can now never deny that other altcoins can use LN. Although I can't think of a time where I ever tried to deny that. So, congratulations, I guess? What did you hope to achieve by this?
take this little mis information above.. pretending LN is 'connected to bitcoin'
(my printer is connected to my PC and my PC uses the internet. this does not mean my printer is a layer of the internet, or is the internet or is connected to the internet. or is internet L2)
bitcoin reference protocol client(bitcoin core) has no code in it to connect to the LN
LN has no code to connect to bitcoin network. it just API call one software to another software at local level not network level
(my printer USB comms my PC. my PC ethernet calls my internet hub. .... my printer does not use the internet, th einternet does not use my printer)
all bitcoin does is lock value in. that is it.
bitcoin core(bitcoin network protocol reference client) does not have the handshake/'gossip' protocols of LN
bitcoins core network protocol client does not have code for 'channels' etc etc
bitcoin networks DNS seed does not list LN nodes along side bitcoin nodes
lightning networks DNS seed does not list bitcoin nodes along side lightning nodes
...
LN is a separate network. when handshaking peers on the LN network using LN based software. you are not at that point subject to bitcoin.
bitcoin-core (bitcoin network reference client) does not have the LN handshake peer connection protocol. thus LN is not a bitcoin thing
once established on LN via LN software, you can then set channels that used locked pegged coin of many blockchains (that never leaves a blockchain network) and you then transact on LN using millisat tokens pegged at 1sat:1000msat.
but LN is not transacting btc because btc does not leave the bitcoin network
The funds never leave the Bitcoin blockchain,
gotta laugh when doomad was saying how LN transacts btc.. then contradicts by saying (finally truthfully) that btc never leaves the bitcoin network.
(thank you Doomad for finally admitting such, one step forward for you, dont step back later though)
They do explain the risk factors such as the cheat that can result in a penalty transaction, the loss of funds by losing the backups or even the loss of funds by going offline.
not always.. like the ones trying to deny the 90% fail rate of the 2018 LN pizza experiment. and a LN devs 70% fail rate being brushed under the carpet...with "i dont know why they failed. maybe they took another route"
heck even you just glossed over the crucial stuff..
"They do explain the risk factors such as the cheat that
can result in a penalty transaction"
said so relaxed as if its a given/nothing to worry about/non issue... not explaining that a penalty is not implemented if someone cheat. its implemented if when someone cheats someone else is there to spot the cheat and "can" if they have the access implement a penalty.
its like saying dont worry if your bank account is hacked the bank will pay you back. hinting to go ahead and not worry about security/getting hacked.
without explaining thats not always the case and involves a headache of admin and conversation and negotiation. its not some auto-refund. and its not a 100% guarantee. people should actually care about their account security.
its like saying dont worry about depositing into MTGox in 2013, the court system is there.. try saying that to those that lost to MTGox in 2013-4, they will look at you and laugh and say you should try to tell people about 'not your key not your coin' and only deposit what your willing to lose, dont deposit into custodians long term and other things.
these glossing's over make people feel that LN is safe because a penalty clause is there.. without stating that penalty clause doesnt activate if cheated automatically. it requires being watched 24/7 to notice a cheat. and having ability to use the penalty.