B.O.P

I’ve been off line for…

By B.O.P on 23 Oct 2023

I’ve been off line for a week and never paid a bad actor fee. How would someone initiate this kind of claim to say the other person was dishonest on the network?……

But wouldn’t this only be…

By B.O.P on 23 Oct 2023

But wouldn’t this only be the case in a malicious actor trying to change the last known balance?……

True^

By B.O.P on 23 Oct 2023

True^……

Nope! Your local balance is returned…

By B.O.P on 23 Oct 2023

Nope! Your local balance is returned to you and the person that closed paid the fee……

(channel balance*)

By B.O.P on 23 Oct 2023

(channel balance*)……

When one party in the channel…

By B.O.P on 23 Oct 2023

When one party in the channel between two parties settles their tab (channel) and closes usually as a result of the other party being offline or non-communicative……

I like timechain as well, much…

By B.O.P on 23 Oct 2023

I like timechain as well, much less of a VC cringe buzzword and captures the essence of it……

It’s a Bitcoin smart contract…

By B.O.P on 23 Oct 2023

It’s a Bitcoin smart contract and backed 1:1 in a locked HTLC. So kinda, but not really. An IOU usually isn’t secured 1:1……