News for hackers. Stuff that matters.

A comment on Steam is no longer supporting Bitcoin. Parent comment

Re:Steam is no longer supporting Bitcoin by tlrobinson on Thursday December 07, 2017 @12:42AM (#15867888)
> if they don't do so they cannot use the "money" the received from you to pay someone else (eg their lawyer).

They certainly can if their lawyer is also on the Lightning Network.

Eventually all Bitcoin wallets should support on-chain and Lightning Network transactions, and seamlessly pick one or the other depending on the transaction amount.

[ Parent | on HN ]
Re:Steam is no longer supporting Bitcoin by zodiac on Thursday December 07, 2017 @03:28AM (#15868546)
No, they really can't. They have to open a payment channel with their lawyer (or open it with someone who has a path of channels to their lawyer), and that requires them to own cryptocurrency on-chain to use as stake (what LN calls the funding transaction)
[ Parent | on HN ]
Re:Steam is no longer supporting Bitcoin by tlrobinson on Thursday December 07, 2017 @12:55PM (#15872272)
Hence “if their lawyer is also on the Lightning Network“
[ Parent | on HN ]
Re:Steam is no longer supporting Bitcoin by zodiac on Thursday December 07, 2017 @01:23PM (#15872567)
No, even if their lawyer is on the LN, Steam cannot pay their lawyer via payment channel, unless Steam owns some cryptocurrency on-chain to use as deposit
[ Parent | on HN ]