We have had a ‘Lightning’ network for more than 600 years now, it’s called a bank account, where we essentially just shuffle around IOUs
Lightning Network – Will it save or break Bitcoin?
Jerry David
522

> We have had a ‘Lightning’ network for more than 600 years now, it’s called a bank account, where we essentially just shuffle around IOUs

There are no IOUs on Lightning Network, there are actual guaranteed-to-clear-until-channel-expires Bitcoin transactions ready to be transmitted to the network.

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