reply on: In 5 years will you be making more on-chain transactions or fewer? \ stacker news ~bitcoin

17 sats \ 4 replies \ @DiedOnTitan 14 Mar \ on: In 5 years will you be making more on-chain transactions or fewer? bitcoin

Any self respecting cowboy already makes far more off-chain transactions. Think about it. Every zap here on @sn is an off chain transaction.

21 sats \ 3 replies \ @OT 14 Mar

Well... Every zap is just a tally on SN lightning node. When you withdraw/deposit sats they are actually using lightning

0 sats \ 2 replies \ @DiedOnTitan 14 Mar

Zaps still count as "off-chain" transactions.

0 sats \ 1 reply \ @OT 14 Mar

It only appears to be a zap on SN

0 sats \ 0 replies \ @DiedOnTitan 14 Mar

I see a similarity between the way zaps are pooled on SN and lightning txs are pooled off-chain. I am not saying that SN has nearly the same protection that LN does. And LN does not share nearly the same security model that Bitcoin on-chain does, but I do see zaps as bona-fide trusted centralized off-chain transactions.