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

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

Learn more about becoming a Community Builder: https://patreon.com/aantonop 

*** Socials, Books, & More ***
Website: https://aantonop.com 
Twitter: https://twitter.com/aantonop 
Facebook: https://www.facebook.com/AndreasMAntonopoulos
Insta: https://www.instagram.com/amantonop/
LinkedIn: https://www.linkedin.com/company/aantonop/
Amazon Author: http://www.amazon.com/-/e/B00MVAG8Z8 
Audible: https://www.audible.com/author/Andreas-M-Antonopoulos/B00MVAG8Z8

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

Don’t forget to SUBSCRIBE to this YouTube channel and select the bell 🔔 for notifications. 

Thanks for watching!
Join the aantonop Channel: https://aantonop.io/joinaantonopyt

(Visited 8 times, 1 visits today)

You might be interested in

LEAVE YOUR COMMENT

Your email address will not be published. Required fields are marked *