• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: BREAKING: Saylor's Strategy Misses S&P 500 Inclusion, Robinhood Takes Spotlight
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: BREAKING: Saylor's Strategy Misses S&P 500 Inclusion, Robinhood Takes Spotlight
Bitcoin Lightning Torch #2 Has Been Stolen 4 Times Already

Bitcoin Lightning Torch #2 Has Been Stolen 4 Times Already

Ricardo Martinez
by Ricardo Martinez
5 years ago
·
Posted in Bitcoin, News, News teaser
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

The second iteration of the famous Bitcoin Lightning Torch has not been as successful as its first go-around last year. In just 8 days, the torch has already been stolen 4 times by dishonest participants.


Your Bitcoin can easily be taken if you send it to a thief

Bitcoin’s second Lightning Torch has been stolen 4 times by various pseudonymous Twitter members with an interest in Bitcoin. The Lightning Torch is a game where a participant sends a Lightning Network transaction to other participants around the globe. The participant then adds some Satoshis to the original transaction amount and passes it on to another participant. The game was originally devised as a way to test Lightning Network viability and channel transaction limits.

#LNTrustChain2 is fast becoming a meme with all these thefts. It's clear that a lot of people are following it with intent to steal.
Can it redeem itself? Maybe, if torch bearers adapt their trust model to this new situation?@Crypto49ers is waiting for invoices for 1.44M sats. https://t.co/pwShay03FX

— hodlonaut 80 IQ 13%er 🌮⚡🔑 🐝 (@hodlonaut) January 27, 2020

This time around, the torch has been stolen by less trustworthy participants several times. In order to keep it going, the participants who passed it to the thieves have replaced the funds out of their own pockets, and then resent it to another more trustworthy participant. This theft has almost achieved meme status, as Hodlonaut points out, with the subsequent thefts almost certainly being copycats.

The thefts do highlight the weakness of trust-based systems, and the short-comings of using a trust-minimized technology like Bitcoin in a manner which still requires trust in a third-party. The community of Lightning Network enthusiasts spoke out against the thieves and thanked the participants who replaced the stolen funds out of pocket, in various posts within the thread. 

The #LNTrustChain2 torch just got stolen for the fourth time… And for the fourth time the person that sent to the thief has decided to keep it going out of his own pocket. Big ❤️ to @Crypto49ers
The torch is hard to extinguish, but more due diligence is needed on recipients. https://t.co/3ry3341NbU

— hodlonaut 80 IQ 13%er 🌮⚡🔑 🐝 (@hodlonaut) January 27, 2020

The first Lightning Torch attracted a lot of attention

The first time around, the Lightning Torch attracted a lot of attention. Many well-known Bitcoiners participated, including Jack Dorsey, the founder of Twitter and Square, along with Miss Universe Rosa-MariaRyyti, Andreas Antonopoulos, and many other well known Bitcoiners.

The first Lightning Torch was passed around without any incidents of theft, and the money collected was donated to Venezuela, which is currently suffering a hyper-inflationary collapse of the nation’s currency, the Bolivar.

In the first Lightning Torch event, participants each added 10,000 Satoshis, before passing the lightning torch to another participant. Over 5 million Satoshis were raised and donated by the end of the event.

In one of the more symbolic moments of the first Lighnting Torch, an Iranian Bitcoiner passed the torch along to an Israeli Bitcoiner in a gesture of peace. This particular transaction came at a moment when both nations were in the headlines due to political turmoil.

The recent issues with theft for the second Lightning Torch have made some Bitcoiners reconsider if the novelty of the experiment has worn off already. Even though the theft itself is a negative event surrounding the second Lightning Torch, some die-hard Bitcoiners still see it as bullish for Bitcoin that people are trying to runoff with the balance.

What do you think about the Lightning Torch being stolen four times? Let us know in the comments!


Images via Shutterstock, Twitter @Hodlonaut

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Ricardo Martinez

Ricardo Martinez

Follow

Full Profile

Related Posts

Bitcoin

Over 1 Million In Bitcoin Locked In Treasuries As Institutions Pour In $1 Billion

20 hours ago
Bitcoin

$5 Billion Bitcoin Treasure Tied To Piracy Website Found In German Wallets

1 day ago
Bitcoin

Bitcoin Indicator Re-Enters Accumulation Zone After 147 Days – Details

1 day ago
Bitcoin

$6B In Bitcoin: Marathon Digital Treasury Now 2nd-Largest Among Public Firms

1 day ago
Bitcoin

Bitcoin Miners Still Under Pressure In 2025 — How Long Can They Hold?

1 day ago
Bitcoin

Analyst Says All Bitcoin Price Uptrend Are Duds Unless This Happens

2 days ago
Please login to join discussion

Premium Sponsors

Press Releases

  • Bitget Ignites Catalunya MotoGP Weekend with Web3 Thrills...

    3 hours ago
  • miner

    XRP price battles for key support levels, with holders...

    2 days ago
  • miner

    Global Investors Tap BAY Miner App for BTC and XRP Monthly...

    2 days ago
  • Cloud Mining

    From Holding to Profit: How XRP Earns $27,000 Daily from...

    2 days ago
  • minwer

    XRP Holders Can Earn $10,000 a Day Through COME...

    3 days ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.