1 upvotes, 0 direct replies (showing 0)
View submission: Lightning Network Megathread
LN is super complicated compared to on-chain transactions. Random home gamers are going to fuck it up and lose money.
In my view the biggest risk is having your PK online while your channel is open. That means if your computer get pwned, your PK can be stolen and you'll get robbed.
With a normal Bitcoin wallet I can generate a PK and address offline and receive payments with zero risk cause there's no way a russian hacker can get my private key of my offline cold wallet.
Large exchagnes and payment processors use cold wallets extensively to reduce risk. If they need those private keys 'hot' at all times there will be some pretty stressed out security staff!
There's nothing here!