1 upvotes, 0 direct replies (showing 0)
View submission: ⚡ Lightning Network Megathread ⚡
There's only one, giant network. You open a single channel with anyone on the network and you can relay a transaction to **anyone** else on the net. This idea of having isolated channels or having to open a new channel to each other person you want to pay is nonsense.
To answer your specific query, balances can shift from one channel you control to another, but you still control those channels. If you can't afford to have those channels open, don't open them to start (or don't accept them). As for the economics, well, it sacrifices a bit of decentralisation for massive improvements to privacy and scale. Plus it's optional, so I don't get all the FUD.
Don't believe me? Cool. Get some testnet bitcoins from a faucet, install Eclair, open a random channel with anyone found on the testnet explorer, and start sending payments right now.
There's nothing here!