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21963733 No.21963733 [Reply] [Original]

New Stakenet update adds Watchtower Support

>> No.21964067

What does this even mean you tard

>> No.21964091

>>21964067
"Some information about the watchtowers, since their support has been added.
The watchtower monitors all your channels when your node (wallet) is inactive.
To understand, you need to know that when your node is inactive, and one of your channel counterparts decides to cheat and unilaterally close a channel (force close) with "out-of-date" data (older commitment transaction), they cannot immediately retrieve the funds, because they are time locked. They have to wait for a certain number of blocks to retrieve them (e.g. for Bitcoin: 144 blocks = 24 hours). If your node comes back online before the end of this time, your node will notice the trick and trigger the penalty mechanism (breach remedy transaction), recovering all the funds on the channel (including those of the cheater, to punish him).
But if your node stays offline too long, the cheater wins. That's where the watchtower comes in: it will monitor the state of your channels while your node is offline, and if someone tries to cheat, it triggers the penalty mechanism for you."

>> No.21964152

>>21964091
based.
full faith in this top tier dev team

>> No.21964242
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21964242

>WaTcHtOwEr SuPpOrT
>MaStErNoDeS

>> No.21964651

>>21964067
Proper watchtowers are critical for LN adoption to keep records of open channels from inactive wallets.

>> No.21964697

Who watches the watchtower? The DEVS WILL JUST POINT THE WATCHTOWERS TO STEAL THE MOENYS

>> No.21964750

watchtowers? Devs are molesting cats and this is what you decide to concentrate on? posw lmao

>> No.21964823

>>21963733
So what? Nobody gives a shit about LN. Those watchtowers can watch this shit go to zero

>> No.21964923

>>21964697
Watchtowers are collateral backed, if they cheat they lose too

>> No.21965154

>>21964651
So I can leave a trade order open then close the wallet?

>> No.21965432

>>21965154
That is the goal.
As it stands now, you need to keep the wallet open.

>> No.21965459

>>21965154
Yes that’s what watchtower is for to watch your channel while you are offline

>> No.21965460

>>21965432
*as it stood before

>> No.21965635

bended the knee for muh racism. No thanks, doomed project.

>> No.21965792

>>21965635
> they're professional's; I'm not going to buy
kek

>> No.21965857

>>21963733
why can't I join the discord? Gives me a 10 min countdown and I get kicked at 9 min

>> No.21966012
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21966012

>>21965635
it is time for mn holders to give mns to africa. it has none, and that's not fair
everyone who doesnt = racist

>> No.21966061

>>21965857
You get sent a captcha to complete, its to stop retards from joining. I can see it is obviously working

>> No.21966132

>>21965857
I used to receive it, now I don't....

>> No.21966386
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21966386

>>21964067
>knows nothing about crypto

>> No.21966502

>>21966061
The greatest crime reCAPTCHA ever committed was shifting all the blame and rage onto jannies.

>> No.21966789

>>21966502
nah jannies dont get off that easy
brb, buying all the hot pockets in my metropolitan area
they will have to settle for lean pockets now

>> No.21967356
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21967356

>>21966789
kek

>> No.21967631

>>21966789
Based