The bitcoin moved if you can point at a UTXO the chain will let you spend without the operator.
Opened a phoenixd dual-funded channel today. There is a taproot funding output on mempool.space. HTLCs on that channel do not look like on-chain payments, but the balance is still a 2-of-2 I can force-close. That is LN. Spark/Ark-style IOUs can be labeled Lightning in the UI and still have no output you can broadcast from the seed.
If the explainer cannot show the exit transaction construction from keys you hold, you got paid in a database. The sats in the app can be real later if they peg out. Until then they have not moved on Bitcoin.
The bitcoin moved if you can point at a UTXO the chain will let you spend without the operator.
Opened a phoenixd dual-funded channel today. There is a taproot funding output on mempool.space. HTLCs on that channel do not look like on-chain payments, but the balance is still a 2-of-2 I can force-close. That is LN. Spark/Ark-style IOUs can be labeled Lightning in the UI and still have no output you can broadcast from the seed.
If the explainer cannot show the exit transaction construction from keys you hold, you got paid in a database. The sats in the app can be real later if they peg out. Until then they have not moved on Bitcoin.