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The conundrum at the heart of BTC is that you have to introduce a second layer in order to work around the inherent limitations of the first. But at that point
by this_user 5y ago
The conundrum at the heart of BTC is that you have to introduce a second layer in order to work around the inherent limitations of the first. But at that point you may as well do away with that first layer, and then will have simply re-invented PayPay, which only goes to show how "blockchain technology" is almost entirely useless.
- gruez 5y ago>But at that point you may as well do away with that first layer, and then will have simply re-invented PayPay, which only goes to show how "blockchain technology" is almost entirely useless. the lightning network isn't going to freeze your funds for 180 days because they think your account is suspicious.
- deleted 5y ago[deleted]
- castlecrasher2 5y agoNo, it would have its own bullshit to deal with, we just haven't seen it yet.
- singularity2001 5y agoI remember getting "this feature is currently suspended" messages on kraken when trying to pull my money out during the last bitcoin crash.
- noxer 5y agoThat shortsighted. Blockchain tech isn't only bitcoin. There are solutions to the problems bitcoins has and they are working fine since years. BTW the link includes the transaction fees on the XRPL you probably didn't see it because the line is almost flat and almost at zero. Blockchains or rather DLTs are here to stay - bitcoin probably not.
- xur17 5y agoHow has lightning network re-invented paypal? One is a custodial way to store and transfer money, another is a decentralized non-custodial way to store and transfer money. It couldn't be more different.
- pfundstein 5y ago> you have to introduce a second layer in order to work around the inherent limitations Not true, the block size was intended to deal with this exact issue.