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it's potential as a currency and store of value should not be dismissed based on its current limitations. Its adoption and value will likely continue to grow as
by Psychoshy_bc1q 4y ago
it's potential as a currency and store of value should not be dismissed based on its current limitations. Its adoption and value will likely continue to grow as more people become aware of its potential, particularly with the implementation of the Lightning Network which aims to improve scalability and transaction speeds
- WalterSear 4y agoIt's had ten+ years. The Lightning Network has had 6+ years. Other layer 2 protocols have had longer. I've worked on first layer blockchain projects as well as Ethereum projects: it's not as complex a technology as people make it out to be. Sorry, but there's no there, there.
- Psychoshy_bc1q 4y agothe LN launched in 2018 an took off 2020.
- yao420 4y agoWhat do you define as takeoff? The transaction numbers are minuscule. I personally think crypto transactions are a dead use case. El Salvador recently released numbers that said crypto remittances were in the 1% range in 2022, despite all the hype. Coinbase actually shutdown there remittances product after a couple of years and a couple of thousands of transactions. The people don’t want it.