1 upvotes, 1 direct replies (showing 1)
View submission: ⚡ Lightning Network Megathread ⚡
In your scenario someone else can spend my money? That's scary AF.
Comment by Prodigga at 07/01/2018 at 08:38 UTC
1 upvotes, 2 direct replies
Well, money just gets shuffled around. When Joe's latte purchase is routed through you, Alice, you send 1 lattes worth of BTC to the coffee shop, but Bob will send 1 lattes worth of Bitcoin to you. (And Joe will send one lattes worth of BTC to Bob). If you sum up the amount if money you have in all your active channels, you haven't lost anything...but that 1 last latte you were looking to buy, you can't buy any more. The 1 lattes worth of BTC you had in the channel between you and the coffee shop has been shifted to the channel you have with Bob.
Too bad Bob doesn't sell lattes.