⚡Revealing the most common misconceptions about the Bitcoin Lightning Network ⚡

in #bitcoin6 years ago

Joshua Scigala, Co-Founder at Vaultoro.com, reveals the most common misunderstandings about the Lightning Network.
The following video is a keynote from the Chainges Conference 2018, Amsterdam. Have fun watching and let us know if you have any questions.


The Common Misconceptions

  1. Lightning is way to complicated for mainstream.
  2. Lightning requires two transactions when no route is available.
  3. If Bob doesn't use​ Lightning, Alice can't send him a payment.
  4. Lightning forces you to 'lock up' your money.
  5. Others must offer liquidity to receive payments.
  6. You need a channel with Starbucks to buy from Starbucks.
  7. Lightning is centralising.

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