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I want to respond to the "Limitations" which are mostly not true thanks to new technology introduced into Bitcoin core years ago already: - Lack of anonymity:
by sprash 6y ago
I want to respond to the "Limitations" which are mostly not true thanks to new technology introduced into Bitcoin core years ago already:
- Lack of anonymity: This can easily be addressed with coinjoin wallets and after that by using Lightning transactions over Tor.
- Slow and expensive transactions: Essentially a solved problem thanks to the Lightning Network and other off chain technologies. At this point it is just a matter of adoption and UX.
- Irreversible transactions: This is a feature not a bug. If market participants don't trust each other they can use Multi-signature Transactions which allows a trusted third party to "mitigate" and reverse the transaction if needed.