3 ms·
while it may be smart from a securities/legal/tax persepctive it also dooms bitcoin to be a useless coin. Transaction speeds abysmal and the energy usage is abs
by mtoner23 4y ago
while it may be smart from a securities/legal/tax persepctive it also dooms bitcoin to be a useless coin. Transaction speeds abysmal and the energy usage is absurd. These could never be changed
- chromatin 4y agoLightning Network is a layer 2 network on top of Bitcoin that is governed by smart contracts at the base layer and has transaction speed of seconds. It's increasingly used in place of base layer transactions for small to medium sized amounts (e.g. US$1 - $1000). Anything on the order of US$10k+ can reasonably transacted on the base layer, and when I am spending that much I don't mind a 10 minute confirmation time.
- pcdoodle 4y agoI'd sign the title of a property over after 3 confirmations on the base layer. Lightning looks cool too, haven't had a chance to use it yet.