3 ms·

Layer 2 is not money and so can’t be fiat. Lightning network is just a clever way to construct bitcoin transactions such that it is possible to send sub-transac

Layer 2 is not money and so can’t be fiat. Lightning network is just a clever way to construct bitcoin transactions such that it is possible to send sub-transactions via different communication channel(not congesting bitcoin network) but preserving crypto currency guarantees.

knocte 9y ago
> Layer 2 is not money Ehrm, what? So Layer1 is not money for you either? Explain... PS: I'm not agreeing with that "this is reinventing fiat money" comment.
- keymone 9y ago
  layer 2 is the payment processing network, money being transferred remains bitcoin.