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