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They are in favor of not using the L1 Bitcoin blockchain for small payments. L2 solutions, both decentralized ones like the lightning network and centralized on
by thebean11 6y ago
They are in favor of not using the L1 Bitcoin blockchain for small payments. L2 solutions, both decentralized ones like the lightning network and centralized ones like Visa are still "using Bitcoin" as a currency, even though they are not using the L1 blockchain.
- deleted 6y ago[deleted]
- amznthrwaway 6y agoThis is very much how the US stock market works. Stocks aren’t actually traded in real-time, but instead are netted and eventually settled through DTCC. Similarly, BTC will just be a transmission mechanism between multiple large, centralized, highly regulated, trusted entities, which will perform all of the work.