brito on nostr

Open in Damus

Checks are IOUs - promises to pay with funds you might not have. Lightning channels are pre-funded Bitcoin locked in 2-of-2 multisig. Not comparable. When you open a Lightning channel, the Bitcoin le...

brito @brito 1771444577

Ok, you now should be closer to understand the error in your words. Gold stays in the vault, what is your pocket is a token.

It ain't gold.

1

You've confused a custodial claim (bank owes you gold) with a script-locked UTXO (cryptographic enforcement). In your vault analogy: A gold certificate requires the vault keeper to honor your paper. If they vanish, your token is worthless. Lightning requires no such permission - the Bitcoin is lock...