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I should also mention that biggest technical debate to understand right now is scaling in this space for most part. Smart contracts is not that big of deal at t
by whoisninja 8y ago
I should also mention that biggest technical debate to understand right now is scaling in this space for most part. Smart contracts is not that big of deal at the moment IMO.
These are all open-source developments, adding proven features from one to other is always going to happen over time.
For scaling - you need to read understand a bit about pros and cons of on-chain scaling(ex. bigger block sizes,proof of stake, sharding etc.) and off-chain scaling (ex. layer2/lightning).
You might be surprised to learn that Bitcoin might be the only one or at least one of a couple that has/have the right fundamentals in terms of technology, which of course can still fail.
- whoisninja 8y agoFinally, lightning network seems to be having a good growth at the moment, if it holds up for another year or two - i think Bitcoin will be in a very sound position for adoption in places where it is most needed. Financial markets will def react accordingly at that point. Until then I think it will cycles of busts/capitulation with speculators and wall-streeters.
- wereHamster 8y agoLightning development is taking much longer than I had hoped. There are still some serious issues with the implementations. But what I miss most is focus on UX. If we ever hope for wide-spread adoption we need to start to focus on regular users: Offer nicely designed wallets, good UX, teach new users about how LN works during onboarding etc. The current generation of LN-wallets is poorly designed and often confusing, even knowledgeable about how lightning works. I was however positively surprised by https://lightningjoule.com/ https://lightningjoule.com/, it is going in the right direction (even though it's not a full wallet, just a UI for lnd).