Lightning Q&A: Is it Safe to Open Lightning Network Channels with People You Don't Know?
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 Published On Aug 6, 2020

What are the risks of opening a Lightning channel with a person or business you don't know? In this Q&A clip, Andreas walks through the risks and worst case scenario if your channel partner disappears or stops cooperating.

00:00 Is it safe to open channels with people you don't know?
00:20 The risks of opening channels with unknown people.
01:08 Worst case scenario of opening a channel with an unknown person.

What happens if you open a Lightning channel with someone you don't know. Could you lose the bitcoin in the channel? Should you practice KYC, Know Your Channel-mate? If you're just getting into testing the Lightning Network, it might be hard to find trusted people to open channels with. Watch this video to learn about the risks and how to protect yourself from them.

This question is from the bonus live-stream on the Lightning Network, which took place on April 18th, 2020. If you want early-access to talks and a chance to ask questions in the monthly live Q&As with Andreas, become a Community Builder on Patreon:   / aantonop  

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