131 sats \ 0 replies \ @anon 22 May \ parent \ on: Is Layer 2 Bitcoin A Shitcoin? bitcoin_beginners
LN is a Layer2, even though in some some specific situations the unilateral exit is not economically reasonable.
The important thing with LN is that in the situations where unilateral exit is not economical your counterparty can't exploit the situation to make money. They'll lose more money on fees than what they steal.
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