coinbender on Nostr: That is incorrect. When using a non custodial lightning node, there is a smart ...
That is incorrect. When using a non custodial lightning node, there is a smart contract between the parties to ensure rules are followed. Either party can close the channel to receive the Bitcoin on chain at any time. A cooperative close results in cheaper chain fees, a force close takes more time and more fees.
Published at
2023-04-05 21:37:27Event JSON
{
"id": "b9e0d22bf62e1f985ecbfd9134a790016913c6f0e163969831c196bcc6698981",
"pubkey": "e4de55fa3af9b84d60b8d5d242dd55c31d51af3302f03fcc6cad1faa31829412",
"created_at": 1680730647,
"kind": 1,
"tags": [
[
"e",
"928858dc401970e7f4a49588aa10bcbd154020969b01aa5d77d417262973e0e8"
],
[
"p",
"aa1dec4cc15efe9e17d7c5313349627464ff861d5cdb1abf850dbce6400b8ed8"
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],
"content": "That is incorrect. When using a non custodial lightning node, there is a smart contract between the parties to ensure rules are followed. Either party can close the channel to receive the Bitcoin on chain at any time. A cooperative close results in cheaper chain fees, a force close takes more time and more fees.",
"sig": "7060afa53bd902137629ec320ff7231fbfc400473d911dc62a3c60ec4f37afeaea215e3760e038b8b1b2b1ab63ae0917a4261c5416ded226e94c6a67bf6bb5b5"
}
