Hacker News new | ask | show | jobs
by chrischattin 958 days ago
Can't tell if sarcastic or not. But, that's perfectly legitimate. You could do that and if everything is signed correctly, the network will accept it.

I could write down a seed phrase on a piece of paper and hand it to you, and that's a completely offline transaction.

2 comments

But just to be clear, unlike the hypothetical "spreadsheet on a desktop" (even with signed transactions), Lightning has more cryptographic assurances than that.

It prevents the parties of a transaction from double-spending balances behind each other's backs.

It also doesn't require trusting the other party once a transaction has (almost instantaneously) completed.

You don't need a network at all. Just email me who you want to transact with and I'll create a row for them.
Ok, so can I now redeem the BTC that you sent me earlier please, so that I can spend them in the first layer (or the second one)? Given that nobody else seems to want to use your third layer.

The fact that I even have to ask you already demonstrates how shitty your third layer is compared to Lightning, not to mention all the other obvious ways in which it's infinitely worse.

Typical Second Layerist. This is the future of money we're talking about, but you'd rather live in the past.
I know you're trolling and I even found your comments somewhat humorous, but I hope you're not misleading yourself (or others) into thinking that you have a valid point here or that your "third layer" scenario is in any way comparable to Lightning in anything except the most superficial ways...

In any case, seeing that I don't have a valid signed BTC transaction from you (because your 3rd layer suuucks), you don't want to allow free exchange between your layer and the upper layers, and I wouldn't want to bother with court litigation even if you were serious, well, have a nice day and good luck with your third layer lol