As a big blocker looking forward to lightning network…

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I have a few questions. Mostly: when Segwit activates, can I start making lightning transactions basically right away? (Or at least, open lightning channels?)

Do we have documentation on this somewhere? I feel like there are a lot of questions for LN newbies. An FAQ would be nice:

  • How can I earn BTC via the Lightning Network?
  • If I commit BTC to opening an LN channel, under what circumstances can I get those funds back?
  • How do I physically go about starting a new LN payment channel?
  • How do I differentiate between sending an on-chain transaction and a lightning transaction? Can I compare the two easily (e.g. time and cost of each)

I'm excited to see the topology of the lightning network form. It's Internet 2.0. (Err, sorry, I'm from r/btc that's too big of a word for me. I mean the uhhh how the pretty dots on the screen connect and stuff.)

submitted by /u/alphathree33
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