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We could start using 'Side chains' today you might as well just create a bitcoin bank where everyone has an account hmmm hmm i mean a channel and all transactio
by tmp9876 9y ago
We could start using 'Side chains' today you might as well just create a bitcoin bank where everyone has an account hmmm hmm i mean a channel and all transactions can happen on your bank network and not on the blockchain. See i solved the problem. But first i need to convince everyone to use my side network, sooo if the main blockchain is like a stream what i need is for this stream to be blocked so that i can channel everyone to my side stream. Maybe i will call my bank blockstream.
- Frogolocalypse 9y agoThere is nothing stopping you creating your own super duper side chain if you think you have a better solution. It is open source after all.
- anonymous5133 9y agoYeah we already did, it is called bitcoin cash lol and it works. The hell with bitcoin's high fees, never again.
- Frogolocalypse 9y agopaypal works too. I prefer to not record my payments with the chinese government though.
- wolco 9y agoWhy? I would be more worried about local governments
- wyager 9y agoThis half-assed analogy falls apart under cursory examination; Lightning isn’t anything like a banking system because you have to trust banks and you don’t have to trust Lightning counterparties.
- AgentME 9y agoPayment channels and the lightning network aren't centralized; the users remain in control of their coins without counterparty risk. It's not like a "bitcoin bank" where they have to trust someone else to hold their coins for them. This is shitty FUD.