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It's a bit strange that the EVM doesn't even get a mention, despite its popularity in the crypto financial world today [1]. > Lightning Network Protocol (LNP)

by eterps 4y ago

It's a bit strange that the EVM doesn't even get a mention, despite its popularity in the crypto financial world today [1]. > Lightning Network Protocol (LNP) and the Bitcoin Protocol (BP) are often compared to TCP/IP. Apparently LNP/BP is determined to be the be-all and end-all without further consideration? [1] https://cryptofees.info https://cryptofees.info

nnx 4y ago
The author is a Bitcoin advocate/developer, but of course the argument wrt privacy would be as valid for Ethereum or other blockchains.
- eterps 4y ago
  Yeah I realized that, but still it feels sloppy or disingenuous when you consider the extent of the subject matter. It's supposed to be an article about Freedom, Privacy and financial communication, not specifically about Bitcoin (or is it?).
  - bhdlr 4y ago
    > Yeah I realized that, but still it feels sloppy or disingenuous when you consider the extent of the subject matter. > It's supposed to be an article about Freedom, Privacy and financial communication, not specifically about Bitcoin (or is it?). Dergigi is a Bitcoin maximalist Here's their book: 21 Lessons: What I've Learned from Falling Down the Bitcoin Rabbit Hole https://www.amazon.com/dp/B083L93MJ7/ref=cm_sw_r_apan_ZN4ZBQB149EY06MGRR6W https://www.amazon.com/dp/B083L93MJ7/ref=cm_sw_r_apan_ZN4ZBQ...
    - whoibrar 4y ago
      Keeping the Bitcoin maximalist ideas aside, I feel the core of the article still holds true. Like you can have the exact same text and replace BTC with XMR and it is equally valid, if not more.
Geee 4y ago
See https://en.wikipedia.org/wiki/Protocol_Wars https://en.wikipedia.org/wiki/Protocol_Wars Just like TCP/IP, there will be only a single winning protocol for money and value transfer.
- arcticbull 4y ago
  And yet in the modern world there's tens of them. There was no single winner, and why would we want one? I've never heard anyone advocate for merging VisaNet with the Mastercard network with the Discover network with the UnionPay network with the Swift network with the EFTPOS network with the Interac network. This sounds like... centralization.
  - Geee 4y ago
    Those are payment networks, not base layer protocols.
    - arcticbull 4y ago
      Same thing. They're private protocols. People build on top of VisaNet you know. There's this company, Stripe, you may have heard of it.
      - Geee 4y ago
        Not same thing.
        arcticbull 4y ago
        Please explain clearly where you think the delta is.
        Geee 4y ago
        In layered systems, there's a hierarchy of layers. Bitcoin is a layer 1 money protocol. Visa is level 8 (not literally), i.e. it is built on top of layers upon layers, which are built on top of US dollar and even that might not be the base layer yet. If we were in a gold standard, gold would be the base layer for US dollar, and the systems on top of it. Layered systems tend to naturally converge into a single base layer, and the higher layers are more sprawling and dynamic.
drdrey 4y ago
I went into this article assuming it was about the recent Tornado Cash sanctions, the Bitcoin maximalism twist was a surprise

by eterps 4y ago

nnx 4y ago

The author is a Bitcoin advocate/developer, but of course the argument wrt privacy would be as valid for Ethereum or other blockchains.

eterps 4y ago
Yeah I realized that, but still it feels sloppy or disingenuous when you consider the extent of the subject matter. It's supposed to be an article about Freedom, Privacy and financial communication, not specifically about Bitcoin (or is it?).
- bhdlr 4y ago
  > Yeah I realized that, but still it feels sloppy or disingenuous when you consider the extent of the subject matter. > It's supposed to be an article about Freedom, Privacy and financial communication, not specifically about Bitcoin (or is it?). Dergigi is a Bitcoin maximalist Here's their book: 21 Lessons: What I've Learned from Falling Down the Bitcoin Rabbit Hole https://www.amazon.com/dp/B083L93MJ7/ref=cm_sw_r_apan_ZN4ZBQB149EY06MGRR6W https://www.amazon.com/dp/B083L93MJ7/ref=cm_sw_r_apan_ZN4ZBQ...
  - whoibrar 4y ago
    Keeping the Bitcoin maximalist ideas aside, I feel the core of the article still holds true. Like you can have the exact same text and replace BTC with XMR and it is equally valid, if not more.

Geee 4y ago

See https://en.wikipedia.org/wiki/Protocol_Wars https://en.wikipedia.org/wiki/Protocol_Wars Just like TCP/IP, there will be only a single winning protocol for money and value transfer.

arcticbull 4y ago
And yet in the modern world there's tens of them. There was no single winner, and why would we want one? I've never heard anyone advocate for merging VisaNet with the Mastercard network with the Discover network with the UnionPay network with the Swift network with the EFTPOS network with the Interac network. This sounds like... centralization.
- Geee 4y ago
  Those are payment networks, not base layer protocols.
  - arcticbull 4y ago
    Same thing. They're private protocols. People build on top of VisaNet you know. There's this company, Stripe, you may have heard of it.
    - Geee 4y ago
      Not same thing.
      - arcticbull 4y ago
        Please explain clearly where you think the delta is.
        Geee 4y ago
        In layered systems, there's a hierarchy of layers. Bitcoin is a layer 1 money protocol. Visa is level 8 (not literally), i.e. it is built on top of layers upon layers, which are built on top of US dollar and even that might not be the base layer yet. If we were in a gold standard, gold would be the base layer for US dollar, and the systems on top of it. Layered systems tend to naturally converge into a single base layer, and the higher layers are more sprawling and dynamic.

drdrey 4y ago

I went into this article assuming it was about the recent Tornado Cash sanctions, the Bitcoin maximalism twist was a surprise