PolyD_ on Nostr: We’ll use the Cold Channel construct, see below. Have all your funds LN-ready but ...
We’ll use the Cold Channel construct, see below. Have all your funds LN-ready but still cold - without counterparty risk until you decide to start spending!
(With hot funds, you must constantly watch for theft attempts by an evil channel partner and react)
Let’s look at lightning. Today, it’s not possible to have funds on lightning without
1⃣ exposure to counterparty’s theft attempts
2⃣ keeping them on an online device
So the logical choice is keeping most funds cold & safe, then using the chain to move a little at a time into LN.
Published at
2024-01-30 21:36:19Event JSON
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