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A place to discuss privacy and freedom in the digital world.
Privacy has become a very important issue in modern society, with companies and governments constantly abusing their power, more and more people are waking up to the importance of digital privacy.
In this community everyone is welcome to post links and discuss topics related to privacy.
Some Rules
- Posting a link to a website containing tracking isn’t great, if contents of the website are behind a paywall maybe copy them into the post
- Don’t promote proprietary software
- Try to keep things on topic
- If you have a question, please try searching for previous discussions, maybe it has already been answered
- Reposts are fine, but should have at least a couple of weeks in between so that the post can reach a new audience
- Be nice :)
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It’s done off-chain because on-chain would be expensive and slow. On-chain takes 10 min and $1.50-$15 in fees depending on the day. Lightning takes < 1 second for < 1 penny in fees.
Lightning transactions are secured by the base chain, so you’re not at risk of losing any funds. The transaction data is “off-chain” because there’s no reason for it to be “on-chain”.
Yes and all that technical debt, complexity and loss in decentralization could be avoided by simply increasing the block size. BCH for example has zero-conf transactions and the average fee is also <$0.01.
But that would mean that you’d be able to use it as an actual means of exchange instead of this crippled “Internet gold” bastardization that BTC has become.