2 ms·
Because the technical implementation already exists with the highest security guarantees in the world. If they were to build their own WU, they could mess it up
by jl2718 5y ago
Because the technical implementation already exists with the highest security guarantees in the world. If they were to build their own WU, they could mess it up or get hacked, most likely by whomever they paid to make or operate it. Also, in the long run, they are betting on wider adoption and interoperability through lightning.
- woodruffw 5y ago> Because the technical implementation already exists with the highest security guarantees in the world. This is a tired observation, but I'll trot it out again: I don't care how "secure" my financial settlement layer is if it allows me to flush my net worth down the drain with a single typo. My threat model includes my ability to feed, clothe, and house myself, all of which are contingent on my ability to claw back transactions that are fraudulent or incorrect. Blockchain solutions offer me no relief.
- jl2718 5y agoBitcoin addresses have a checksum. Note that ETH does not.