Re:PayPal stops payouts to models on Pornhub
by mikekchar on Friday November 15, 2019 @03:00AM
(#21543121)
It's been quite a long time since I read up on how lightning works, so maybe I'm misunderstanding something. At least in the version of the protocol I looked at the node that connects to the Bitcoin network has to promise to pay. It's literally a payment processor because they need the capital to guarantee the payment. Is this not the case any more? If it is, then I'm still in the same boat where the Bitcoin network facing node can decide not to service me.
Re:PayPal stops payouts to models on Pornhub
by topmonk on Friday November 15, 2019 @03:37AM
(#21543272)
> If it is, then I'm still in the same boat where the Bitcoin network facing node can decide not to service me.
Jesus, this is precisely what the lightning network is for! Please, do a little research before dismissing it wholesale. The node you are connected to cannot refuse to pay, because you have a signed, but unpublished transaction of what he owes you (if he owes you). If he suddenly stops contact and says fuck you, you can just publish that transaction.
Seriously, this has always been the idea from the get go, so don't go blaming that you haven't read the latest update on how lightning works. If you don't understand something, don't go around spouting that it must not work.
Re:PayPal stops payouts to models on Pornhub
by mikekchar on Friday November 15, 2019 @05:00AM
(#21543655)
No offense, but could you please calm down? I have actually done some research -- to the point of knowing how to implement lightning. However, it is a long time ago and things may have changed. I'm asking you for more information because you seem to know more than me. I'm not trying to shout you down. I'm trying to understand what I'm missing. It's totally fair if you don't feel you have the time or patience to explain it to me, but for both your sake and mine, it's probably best if you just say that and I won't bother you any more.
Because you're both connected to a common lightning node, at least indirectly. There are several public lightning nodes that accept connections and they are joined together. Connect to one and you have access to their network.
> Similarly, if I want some random person to send me money, how do I convince them to run a lightning node and to let me connect to it?
Same as above. The lightning network is, of course, only going to work with other nodes who are also connected, but there is an incentive to join, since when you do, you can transact with all of its peers.