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Re:Bitcoin Is Dead, Long Live Bitcoin by woah on Friday January 15, 2016 @11:24AM (#10910233)
The Lightning network is not based on advanced Bitcoin scripting, in the sense that Bitcoin script makes it possible or something. Bitcoin script is, rather, an impediment which has added a huge amount of complexity to Lightning. The same principle expressed without Bitcoin script can be explained in a few minutes[1]

1. http://altheamesh.com/blog/universal-payment-channels/

Re:Bitcoin Is Dead, Long Live Bitcoin by josephpoon on Saturday January 16, 2016 @03:08AM (#10914673)
You are wrong. Lightning works by using smart contract logic. For Bitcoin in particular, that involves using Bitcoin scripting using real Bitcoin transactions.

That blogpost is basically describing lightning. Lightning Network has explicitly described instant cross-chain swaps privately, and publicly for many months.

Re:Bitcoin Is Dead, Long Live Bitcoin by woah on Tuesday January 19, 2016 @01:37PM (#10932804)
Yes, and on a platform that allows for arbitrary logic, like a Turing-complete blockchain, or just a regular server, Lightning-like transactions are trivial. They can be described in minutes, and implemented in weeks. Due to the limitations of Bitcoin script, Lightning takes 60 pages to describe and is still not implemented. It's a revolutionary concept, hobbled by an antiquated platform.