because there is no network consensus on LN. although LND's variant of watchtower might be altruistic
Can I have a little bit more context? What does consensus have to do with an implementation of LND's altruist watchtowers? Why is it required?
i am not the one that mentioned LND's altruist watchtowers as an example of how LN 'cant' have watchtowers that hold keys
i am not the one insinuating that LND watchtowers are the default thing/part of some strictly ruled consensus
i am not the one saying LN requires consensus to enforce that watch towers dont need keys
i clearly said that due to lack of consensus means LND's altruist watchtower is not the default policy regarding watchtowers
1. lightning network is not the bitcoin network. they are separate networks that do different things
Yes, they're different networks. However, the Bitcoin's Lightning network can't work without the Bitcoin network. The Lightning network can't work itself without a first layer.
oh, but it can.. as we have just agreed, the lack of need of a consensus, means that peers can happily communicate with many networks and with no other blockchain due to the lack of network wide audited policy.
are you going to now flip flop about the lack of consensus.. ?
the lack of ned for consensus majority to implement features means people can connect together via just the requirement of a publickey and (ip/tor address)... and then once connected . then set up channels with their desired other network, or private internal token.
again a smart PR person could use this as a advert for the benefits of LN in regards to atomic swapping, evolving network without consensus conflict hindering progress
the ip/tor address connection.. and the subsequent public key, handshake does not lock peer partners to a specific blockchain. that public key and formation of joint multisig can be used on multiple blockchains, or no blockchain at all and just some private token they invent together. the lack of consensus allows this
2. LN promises (payments inside LN) are denominated in picocoin(11decimal) also known as msat/millisat
Yes and no. The transactions are made in msats, but the force-close transaction (which is what distinguishes from other debt-based systems) is in BTC.
number 2, is specific about the inside LN payments.. yet you want to confuse this ln payment. with the separate contract to the 'force-close' transaction you also mention.
if you cannot tell the difference. please look into it. dont confuse the two
seems you still cant separate things. and want to cause confusion by pretending they are the same.
here ill give an example of how to separate things..
a condom is not a penis. a condom is not essential for a penis. and a penis is not essential for a condom. people can have sex without a condom and people can use a condom as a balloon or a waterproof cover for a rifle nozzle.
although sometimes a condom is put over a penis. and in those times a woman only feels a condom inside her when the penis is inserted.. but at no time is a condom a penis
do you get the common sense of knowing the differences between a condom and a penis.
that they have two separate functions. one locks in seamen.. one releases seamen
the LN htlc promises.. denominated in msat are a different contract than the funding contract transaction and a different contract than the settlement contract.
and yes even the funding contract. and the settlement contract may be the same format. they are still separate contracts.
EG imagine on the bitcoin blockchain. you paid me with one confirmed transaction. and i paid loyce with another confirmed transaction.. the transaction to loyce is not the same contract as the one you paid to me.
LN payments are not only separate contract to a 'force-close' contract. but also in a very different format. making them significantly more different than each other.
if you want to confuse the matter by saying that litecoin contracts are the same as bitcoin contracts. then try to get an ltc transaction to confirm on bitcoin and then try to get a msat promise to confirm on bitcoin..
point is the msat promise(LN payment) wont ever be understood nor able to confirm on the bitcoin network,.. because.. the LN promise msat promise(LN payment) is not a bitcoin transaction. so dont pretend its the same thing
i know if i read your responses to points 3&4 you then backtrack to then acknowledge the difference. but i thought its worthy of highlighting your ignorance at this point, to then highlight your contradictions and flip flop acknowledgement in the next responses
can you please just stop flip flopping and just understand the differences in things, and stick to acknowledging them
3. LN promises (payments inside LN) are different contracts/transactions/promises/lengths of data, to a bitcoin transaction
I guess “inside LN” means those after you've opened your channel and before you close it. Yes, agreed.
4. bitcoin network does not understand the format of these LN message formats(payments) in 11decimal valued promises
Of course.
i just explained your flip floppy contradictions. but thanks for finally admitting they are different (you made one step forward, dont try stepping back now, you made progress)
an LN payment (in msat) is not a fixed format that is only used as a mirror of a bitcoin 'force close' settlement contract
the LN payment when rounded and value 'associated to consider what value to settle on can be settled in different blockchain coin denominated contracts. there is no consensus or network wide audit at the point of rounding up/down a valuation of a LN payment and creating a subsequent blockchain formatted contract.
scammy partners can mess with this and not sign a settlement contract to update the promise value into something more
tangeable the victim can use to settle his promised value
5. LN is not tethered to only function on the bitcoin network
Yes, however there's no reason I can think of to use it in Litecoin.
thats your personal opinion. not a physical, hardware or software restriction.
just because YOU dont use it for altcoins. doesnt mean the network cant
6.LN wont work without bitcoin
Theoretically it can work without Bitcoin. Honestly, though, in practice it wouldn't have another reason of existence. I wouldn't use it in an altcoin. It's the decentralization of Bitcoin that makes it unique, IMO.
thats your personal opinion. not a physical, hardware or software restriction..
just because you might only want to use a condom as a replacement of party balloons, does not mean thats its only function. other people have other uses of condoms.
trying to sell it as only to be used as a party balloon is a naive concept. where as a smart PR person can 'sell' a condom as many functions.
did you know in the military on tours of duty.. . more condoms are bought as a waterproof cover for their rifle nozzle. than bought for a soldier to cover his penis. sex is (discouraged in the military tour of duty)
does that mean the US government that funds soldiers waterproof budget should make TV adverts about condoms to be used only as waterproofs for guns?