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[Quit: Leaving] 09:58 -!- Kalamari [~Kalamari@78.166.7.46] has quit [Quit: Leaving] 10:29 -!- zsoc [~zsoc__@unaffiliated/zsoc] has joined #lightning-dev 10:30 < zsoc> Can someone point me to like a high level overview? Everything I've found is either very high level and overly vague, or very technical about the nature of the individual transactions. 10:31 < zsoc> Really what I'm trying to figure out is if the 'end' peers (the sender and receiver) also have to open channels and settle on the block chain periodically 10:44 < molz> zsoc, this short video can give you some basic ideas: https://www.youtube.com/watch?v=rrr_zPmEiME 10:47 -!- MuArF [~maun@85-69-189-14.rev.numericable.fr] has quit [Remote host closed the connection] 10:50 -!- sh_smith [~sh_smith@cpe-76-174-26-91.socal.res.rr.com] has quit [Remote host closed the connection] 10:51 -!- sh_smith [~sh_smith@cpe-76-174-26-91.socal.res.rr.com] has joined #lightning-dev 11:14 -!- blyat__ [~blyat@cpe-71-71-200-3.carolina.res.rr.com] has joined #lightning-dev 11:14 < adiabat> zsoc: probably they do not 11:14 < zsoc> That video sort of says otherwise :/ 11:15 < zsoc> Also it seems you have to tie up money in that *individual* channel in advance, which is a blockchain transaction 11:15 -!- jb55 [~jb55@24.87.206.252] has joined #lightning-dev 11:16 < zsoc> So for me to use lightning from my wallet to amazon, I would have to make a large transaction in advance, which I would be entitled to reclaim if unused, but that would be held until that channel is closed. 11:16 < zsoc> ohhhhh that 'large transaction in advance' is a channel that I would have open to a payment processor 11:17 < zsoc> So basically, moving money into a lightning wallet (or to a 'spending' wallet) would satisfy this... as long as I'm only connected to 1 payment channel, and that channel has access to all merchants i want to use 11:17 -!- blyat_ [~blyat@cpe-71-71-200-3.carolina.res.rr.com] has quit [Ping timeout: 248 seconds] 11:19 < zsoc> Wouldn't this give incentives for payment processors to brand and market their own wallets? That then created 'spending' accounts (or whatever they call them) which would be open payment channels between the user and this processing node? They would then claim to have access to X other nodes or parts of the network, based on whatever organic chain forms 11:20 -!- laurentmt [~Thunderbi@92.154.68.134] has quit [Quit: laurentmt] 11:32 -!- jb55 [~jb55@24.87.206.252] has quit [Ping timeout: 256 seconds] 11:32 -!- zshlyk [~zshlyk@gateway/tor-sasl/intcat] has quit [Remote host closed the connection] 11:33 -!- zshlyk [~zshlyk@gateway/tor-sasl/intcat] has joined #lightning-dev 11:34 -!- blyat_ [~blyat@cpe-71-71-200-3.carolina.res.rr.com] has joined #lightning-dev 11:35 -!- jb55 [~jb55@24.87.206.252] has joined #lightning-dev 11:37 -!- blyat__ [~blyat@cpe-71-71-200-3.carolina.res.rr.com] has quit [Ping timeout: 264 seconds] 11:40 -!- zshlyk [~zshlyk@gateway/tor-sasl/intcat] has quit [Remote host closed the connection] 11:40 -!- yoctopede [~zshlyk@gateway/tor-sasl/intcat] has joined #lightning-dev 11:59 -!- tombusby [~tombusby@gateway/tor-sasl/tombusby] has quit [Remote host closed the connection] 11:59 -!- tombusby 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ZZZzzz…] 19:17 -!- intcat [~zshlyk@gateway/tor-sasl/intcat] has quit [Remote host closed the connection] 19:18 -!- intcat [~zshlyk@gateway/tor-sasl/intcat] has joined #lightning-dev 19:23 -!- intcat [~zshlyk@gateway/tor-sasl/intcat] has quit [Remote host closed the connection] 19:24 -!- intcat [~zshlyk@gateway/tor-sasl/intcat] has joined #lightning-dev 19:38 -!- Chris_Stewart_5 [~chris@gateway/vpn/privateinternetaccess/chrisstewart5/x-62865615] has quit [Ping timeout: 248 seconds] 19:50 -!- riclas [riclas@72.210.189.46.rev.vodafone.pt] has quit [Ping timeout: 264 seconds] 19:50 -!- blyat_ [~blyat@cpe-71-71-200-3.carolina.res.rr.com] has joined #lightning-dev 19:55 -!- blyat__ [~blyat@cpe-71-71-200-3.carolina.res.rr.com] has quit [Ping timeout: 272 seconds] 20:20 -!- Chris_Stewart_5 [~chris@gateway/vpn/privateinternetaccess/chrisstewart5/x-62865615] has joined #lightning-dev 20:26 -!- deusexbeer [~deusexbee@093-092-177-026-dynamic-pool-adsl.wbt.ru] has joined #lightning-dev 20:28 -!- Chris_Stewart_5 [~chris@gateway/vpn/privateinternetaccess/chrisstewart5/x-62865615] has quit [Ping timeout: 265 seconds] 20:41 -!- buhrmi_ [sid252266@gateway/web/irccloud.com/x-jvpcqzqyqiuypjfz] has joined #lightning-dev 20:42 -!- buhrmi_ [sid252266@gateway/web/irccloud.com/x-jvpcqzqyqiuypjfz] has left #lightning-dev [] 20:43 -!- buhrmi [sid252266@gateway/web/irccloud.com/x-ncancrtbhxwjkitn] has joined #lightning-dev 21:09 -!- intcat [~zshlyk@gateway/tor-sasl/intcat] has quit [Remote host closed the connection] 21:15 -!- intcat [~zshlyk@gateway/tor-sasl/intcat] has joined #lightning-dev 21:56 -!- blyat__ [~blyat@cpe-71-71-200-3.carolina.res.rr.com] has joined #lightning-dev 21:59 -!- blyat_ [~blyat@cpe-71-71-200-3.carolina.res.rr.com] has quit [Ping timeout: 272 seconds] 22:06 -!- meshcollider [uid246294@gateway/web/irccloud.com/x-yqmlqarngijzicum] has quit [Quit: Connection closed for inactivity] 22:51 -!- arubi [~ese168@gateway/tor-sasl/ese168] has quit [Remote host closed the connection] 22:51 -!- arubi [~ese168@gateway/tor-sasl/ese168] has joined #lightning-dev 22:58 -lightningrfc:#lightning-dev- [lightning-rfc] toadlyBroodle opened pull request #330: Stylesheet update, apply to BOLT 0, 2, 3 (master...stylesheet-update) https://git.io/vboXM 23:05 -!- jb55 [~jb55@70-36-49-138.dyn.novuscom.net] has quit [Ping timeout: 256 seconds] 23:07 -!- Emcy [~Emcy@unaffiliated/emcy] has joined #lightning-dev 23:09 -!- Emcy_ [~Emcy@unaffiliated/emcy] has quit [Ping timeout: 264 seconds] 23:13 -!- arubi [~ese168@gateway/tor-sasl/ese168] has quit [Remote host closed the connection] 23:14 -!- arubi [~ese168@gateway/tor-sasl/ese168] has joined #lightning-dev 23:23 -!- arubi [~ese168@gateway/tor-sasl/ese168] has quit [Ping timeout: 248 seconds] 23:24 -!- arubi [~ese168@gateway/tor-sasl/ese168] has joined #lightning-dev 23:43 -!- Ylbam [uid99779@gateway/web/irccloud.com/x-qyulfkpbqdyijtew] has joined #lightning-dev 23:53 -!- meshcollider [uid246294@gateway/web/irccloud.com/x-wwhrmrxskmjfgwez] has joined #lightning-dev