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It is trying to make up for the efficiency problems of scaling a trustless network by adding extra points of trust and failure, which ends up with something tha
by nwah1 4y ago
It is trying to make up for the efficiency problems of scaling a trustless network by adding extra points of trust and failure, which ends up with something that is neither efficient nor trustless.
- ur-whale 4y ago>adding extra points of trust and failure [I assume you meant SPOFs] Tongue-in-cheek, but unfortunately true. OTOH, how are you going to remain trustless and scale to users who barely know the difference between an app, a file and a website? Granting that category of users access to crypto markets has always been the keystone of Coinbase's business model.
- toolz 4y ago> neither efficient nor trustless More correctly, it would be *either efficient or trustless. The existence of a layer2 does not make layer 1 unusable. It provides options with tradeoffs.