5 ms·
I've been following crypto since 2012 (I work in the industry on an alternative cryptocurrency). I completely agree that this is the primary issue that Bitcoin
by robcohen 6y ago
I've been following crypto since 2012 (I work in the industry on an alternative cryptocurrency). I completely agree that this is the primary issue that Bitcoin and Ethereum have. Lightning and other second layer scaling solutions show promise but just haven't matured at the rate that I was hoping. Most applications just aren't feasible with such high transaction costs. I have a strong feeling that when second-layer solutions finally mature, the conversation will completely change.
- londons_explore 6y agoI believe 2nd layer systems are failing because they're focussing too much on theoretical security, at the expense of usability. Instead, they should go for whatever security they can get while still getting fees sub-1-cent, transaction times sub-1-second, and still vaguely decentralized. The really secure transactions can be reserved for cases where paying a $2 fee and waiting 15 minutes is acceptable.