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Typo fix and menu bugfix

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kn0wmad
2021-04-13 10:39:02 -06:00
parent f5e8aa790b
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1 changed files with 2 additions and 2 deletions
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source/support/FAQ/bitcoin-faq.rst
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@@ -92,7 +92,7 @@ This is all on LND, and RTL is just a GUI for accessing LND. On-chain balance i
How do I find my LND seed so I can write it down to backup?
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All LND backups are best done via the Embassy backup flow. It is not supported to use a seed as backup; LND does not expose this. Everything is backed up by our backup system and so you do not need your seed. The seed is ONLY for the onchain wallet and does not backup your channel state.
All LND backups are best done via the Embassy backup flow. It is not supported to use a seed as backup; LND does not expose this. Everything is backed up by our backup system and so you do not need your seed. The seed is ONLY for the onchain wallet and does not backup your channel state.
To clarify some of the reasons for this choice:
@@ -116,5 +116,5 @@ It is possible to have lightning balances that are so low that they will not (or
Why are Lightning Network backups and moves so complicated?
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There are safe ways to do an “atomic move” of a LN node but it requires a very specific sequence of actions and certain mistakes can result in your counterparties taking all your funds. Fundamentally, today, LN works on a punishment scheme. This means if you publish revoked state, that the counterparty is entitled to a claim on all the funds in the channel. This incentive system is what makes the whole thing work. Without it LN would be subject to various kinds of thievery.
There are safe ways to do an “atomic move” of a LN node, but it requires a very specific sequence of actions and certain mistakes can result in your counterparties taking all your funds. Fundamentally, today, LN works on a punishment scheme. This means if you publish revoked state, that the counterparty is entitled to a claim on all the funds in the channel. This incentive system is what makes the whole thing work. Without it LN would be subject to various kinds of thievery.
So the downside is that backups of old state are not safe. This is because your node might believe it is the real state of the channel, but it may be unaware of states created since then. The problem here is that your node naively believes something different from the truth, which can result in all of the funds being lost. In response to this reality, the safe backup systems, including those generated by RTL, actually do not include channel state. They only list the peers that you had channels with. Restoring these backups essentially politely asks your peers to force close the channels they have with you. In those moments it is possible for your peer to try and cheat you, but they cannot be 100% sure that you can’t punish them, so it’s extremely unlikely that they will attempt to do so.