No it's not between two trusted parties. If those parties disagree, they have recourse to the blockchain, and so don't have to fully trust each other. The ligh

No it's not between two trusted parties. If those parties disagree, they have recourse to the blockchain, and so don't have to fully trust each other. The lightning network couldn't be built without having a lower level trustless party. Bitcoin actually lets us bootstrap trust. More thoughts on bootstrapping trust: https://www.nemil.com/crypto/why-cryptocontracts-matter.html https://www.nemil.com/crypto/why-cryptocontracts-matter.html