7 upvotes, 1 direct replies (showing 1)
View submission: Lightning Network Megathread
[deleted]
Comment by FerriestaPatronum at 03/01/2018 at 06:17 UTC
4 upvotes, 1 direct replies
I know you're not trolling, I'm not either. I don't think LN is going to be a success; I too don't rely on trust--trustless was the magic of Bitcoin.
Regarding your first question: the auto-close n-locktime TX is what sets the channel-duration... Or at least as I understand it. The subsequent broadcasts aren't done on-chain--broadcasting on-chain closes the channel.