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21 sats \ 2 replies \ @nullcount 11 Mar \ on: Payments below dust limit not trustless lightning
You can use LN more trustlessly by simply requiring a MIN_HTLC above the dust limit for your node/channels. Of course, you'd no longer be able to receive payments below that amount.
LN was never a fully-trustless protocol.
The node that opens a channel also pays the onchain fee to close it. If you're worried about your channel peers making you lose money from below-dust payments, then just realize that you're already trusting every peer not to close the channels you opened to them (especially during a high-fee environment)
Hot take but... All the LN is just BTC-backed IOUs being traded back-and-forth. Its almost like wBTC except there's no blockchain and no central issuer. Every LN node is like a private sidechain, they can each issue "LN-enabled BTC tokens" which are fungible with one-another and include more decimals of precision. Nodes track the txns of these tokens on their own internal ledgers, periodically pegging in/out with "real BTC".
Its a set of tradeoffs that many seem to think makes LN "not a shitcoin" and it works to solve many of the practical problems that people have when transacting with onchain BTC.
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wrong. Are not IOU. Are real sats that are not yet broadcast on the chain.
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