Bitcoin Q&A: Is it Safe to Open Lightning Channels with People You Don’t Know?

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20 August, 2020

By Bit2Me

00:00 Is it safe to open channels with people you don’t know?
00:20 The risks of opening channels with unknown people.
01:08 Worst case scenario of opening a channel with an unknown person.

What are the risks of opening a Lightning channel with a person or business you don’t know? In this Q&A clip, Andreas walks through the risks and worst case scenario if your channel partner disappears or stops cooperating.

This question is from the bonus live-stream on the Lightning Network, which took place on April 18th, 2020. If you want early-access to talks and a chance to ask questions in the monthly live Q&As with Andreas, become a Community Builder on Patreon: https://www.patreon.com/aantonop

Related Videos:
Bitcoin Q&A: Can Bitcoin Get Stuck & Lost in a Lightning Channel? – https://youtu.be/ofUnuose2r8
Bitcoin Q&A: What are the most exciting new Lightning Network features? – https://youtu.be/W34RdzFwz8M

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Music: “Unbounded” by Orfan (https://twitter.com/grassfedbitcoin)

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