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5 sats \ 4 replies \ @0xbitcoiner 13h \ parent \ on: Blitz Wallet Web: A self-custodial Bitcoin Lightning wallet powered by Spark lightning
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The only exception is Lightning, which requires no trusted entities at all.
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55 sats \ 3 replies \ @ek 13h
requires no trusted entities at all.
This should also be the definition of Layer 2 imo. if you need to trust somebody, it's not a Layer 2. So by definition, Lightning is the only Layer 2.
But other "Layer 2 solutions" probably don't like that definition, so they try to make it mean something else. But I don't know what their definition is. Anything is Layer 2 as long as it's not Layer 1?
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44 sats \ 1 reply \ @Scoresby 12h
Would you say that there is a little bit more trust involved with lightning is than there is for onchain?
You have to trust your channel partner a little bit. (if they force close on you and you aren't paying attention, or you can't get to the chain for some reason...)
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17 sats \ 0 replies \ @ek 12h
If you follow the protocol correctly, I wouldn't say you need to trust your channel partner. This condition means to me it's just not as simple as onchain to not involve trust. But trust is not necessary.
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17 sats \ 0 replies \ @0xbitcoiner 13h
My definition of layer 2 doesn’t mean you don’t trust anyone. But I gotta admit, I know that I know nothing!
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