5 ms·

Governments could issue currencies on a layer 2 that settles on the Bitcoin chain.

• hanniabu 4y ago
  Bitcoin L2 is centralized b/c Bitcoin doesn't have base layer smart contracts (and no, simple scripts are not smart contracts)
  • TimJRobinson 4y ago
    Lightning is not centralized, but tends towards centralization because of routing issues. But they're all going to settle to Ethereum anyway. It's already more decentralized and secure than Bitcoin and can support any smart contracts they need.
  • nullc 4y ago
    This is just nonsense.
• atmosx 4y ago
  ...and why would anyone do that?
  • TimJRobinson 4y ago
    Because it's a credibly neutral financial layer that countries can use to transfer value and we can have a global financial system that no one controls. It's amazing how few people realize the massive wealth growth this would cause. The internet did this with free flow of information, blockchains can do it with the free flow of capital to wherever to makes most sense.