📅 Original date posted:2020-07-13
📝 Original message:Sorry. Re-sending with correction to CC bitcoin-dev
I am sorry if this was already brought up in previous threads. If I know
lightning network correctly then HTLC is used to enforce settlements on
blockchain if there is a dispute. Could a person lose money if their HTLC
does not get confirmed in the timeframe or if an older HTLC gets
confirmed first? I see different ways this could happen.
One, if the blockchain is very saturated with other transactions. The
reason we need lightning network is why it might have troubles with
settlements? Two, competition from a different conflicting HTLC. A newer
HTLC might not get confirmed before an older HTL. Three, denial of service
the lightning router so they never have a chance to send a settlement
HTLC.
I found out about a recent attack technique that sounds like it might be
similar called "flood and loot".
Is this a concern on lightning network? I humbly say that I do not fully
understand all of lightning network yet. I am working to grasp the idea.
These are questions I look to find answer for. Another question I have. I
did read the paper Scalable Funding of Bitcoin Micropayment Channel
Networks. Would channel factories be better and eliminate my concern?
I am sending this to lightning-dev mailing list. I do not see
lightning-dev emails because google recaptcha blocks me from the
subscribe. Please CC me if you reply so I can read it.
--
lee.chiffre at secmail.pro
PGP 97F0C3AE985A191DA0556BCAA82529E2025BDE35
Mr. Lee Chiffre [ARCHIVE] /
npub18d…f8wrg
2023-06-07 18:25:54
in reply to nevent1q…zc37
Author Public Key
npub18dyltluac92u9vrm5aqtv267mc8npdtashafrf03mpmf3mfey78sff8wrgPublished at
2023-06-07 18:25:54Event JSON
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"content": "📅 Original date posted:2020-07-13\n📝 Original message:Sorry. Re-sending with correction to CC bitcoin-dev\n\n\n\n\n\n I am sorry if this was already brought up in previous threads. If I know\nlightning network correctly then HTLC is used to enforce settlements on\nblockchain if there is a dispute. Could a person lose money if their HTLC\ndoes not get confirmed in the timeframe or if an older HTLC gets\nconfirmed first? I see different ways this could happen.\n\n One, if the blockchain is very saturated with other transactions. The\nreason we need lightning network is why it might have troubles with\nsettlements? Two, competition from a different conflicting HTLC. A newer\nHTLC might not get confirmed before an older HTL. Three, denial of service\nthe lightning router so they never have a chance to send a settlement\nHTLC.\n\nI found out about a recent attack technique that sounds like it might be\nsimilar called \"flood and loot\".\n\nIs this a concern on lightning network? I humbly say that I do not fully\nunderstand all of lightning network yet. I am working to grasp the idea.\nThese are questions I look to find answer for. Another question I have. I\ndid read the paper Scalable Funding of Bitcoin Micropayment Channel\nNetworks. Would channel factories be better and eliminate my concern?\n\n\nI am sending this to lightning-dev mailing list. I do not see\nlightning-dev emails because google recaptcha blocks me from the\nsubscribe. Please CC me if you reply so I can read it.\n\n-- \nlee.chiffre at secmail.pro\nPGP 97F0C3AE985A191DA0556BCAA82529E2025BDE35",
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