Can I cancel unfinished LN transactions when the node is down?


I was trying to pay for something online with LN and had problems connecting to Blockstream lighning node and other famous nodes. I was finally able to setup a payment channel with Satoshi Living Room but right befor I made the payment the node went offline and now the transaction is showing:

1 inflight payment(s)

I am using Eclair Wallet

Can I cancel it and get my money?

https://imgur.com/a/EBWp51V

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Blockchain-enabled P2P transactions are paving the way for the new trust economy which is mostly dependent on reputation and digital identity storable on the blockchain, while traditional trust systems like credit ratings and cashier’s check are likely to become obsolete soon


Blockchain-enabled P2P transactions are paving the way for the new trust economy which is mostly dependent on reputation and digital identity storable on the blockchain, while traditional trust systems like credit ratings and cashier’s check are likely to become obsolete soon

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ICON being tested by government of South Korea, Quant accepted into Oracle Global Start-Up Ecosystem, MakerDAO sees stablecoin Dai finding new uses in real estate transactions, NEXO offers crypto investors a way to save on taxes


ICON being tested by government of South Korea, Quant accepted into Oracle Global Start-Up Ecosystem, MakerDAO sees stablecoin Dai finding new uses in real estate transactions, NEXO offers crypto investors a way to save on taxes

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Bitcoin transactions have doubled over the last 6 months. What happens when they double again?


Bitcoin transactions are currently at the all-time-high, at the level of the height of the last bull run again.

View post on imgur.com

On the one hand this is good, because it shows that there is a lot of interest in Bitcoin.

However, with 100% Segwit adoption, we can take 50% more in transactions than in December 2017.

That also means that we can only take 50% more than the transactions are right now before fees become really high again. This can already happen with a small price bump to $5,000.

It would actually happen before, because we are only at 40% Segwit adoption and Segwit adoption is currently declining again, no?

Can someone explain to me what happens when transactions increase by 50% again, isn’t this already more than the Bitcoin transaction limit? Will the network be full and fees will become very high again at this point?

This also already includes the Lightning Network, which is up and running already.

View Reddit by galan77View Source