Comment by tripledogdareya on 21/12/2017 at 22:57 UTC

37 upvotes, 4 direct replies (showing 4)

View submission: Lightning CEO Elizabeth Stark on Bloomberg, Discussing Lightning Network and the Future of Bitcoin

Before the Lightning Network can solve scaling problems, we first need to prepare the community for the responsibility of operating secure nodes. Transacting on LN is an active process and nodes require access to the unencrypted private keys used to manage their channels. If a node is compromised the available balance on open channels is exposed to theft. This is a significant difference from the offline transacting supported by Bitcoin. To get the full benefits of LN, users will not simply be able to secret away their private keys on airgapped hardware wallets.

https://www.reddit.com/r/Bitcoin/comments/7l5bqj/the_best_thing_that_you_can_do_to_help_ensure/

Replies

Comment by spankloop at 21/12/2017 at 23:12 UTC

3 upvotes, 1 direct replies

This is a really interesting comment. Thanks for sharing the link to your post. I'll definitely look into it some more.

Comment by jojojojojojo777 at 22/12/2017 at 10:44 UTC

3 upvotes, 1 direct replies

Transacting on LN is an active process and nodes require access to the unencrypted private keys used to manage their channels.

wtf? this can't be.

Any network deemed to be "trustless" wouldn't have this property. where exactly can i find more info about this aspect of unencrypted private keys? is it in the lightning network documentation somewhere instead of one bullet point in a reddit post?