n0t-satoshi

4 ms·

1. 1.▲
   by n0t-satoshi 7y ago

   Recessions aren't due to how people feel. It's the freezing and culling of debt.
2. 2.▲
   by n0t-satoshi 7y ago

   "The US could even pay back that debt with money they themselves issued if needed." Hyperinflation is effectively defaulting. No one will give credit to those who pay with Monopoly money.
3. 3.▲
   by n0t-satoshi 8y ago

   The channels are too small to be viable. There is too much at risk if you can't settle your money. Only the blockchain is settlement, which is why Bitcoin Cash made throughput a priority worth forking over.
4. 4.▲
   by n0t-satoshi 8y ago

   Three week wait, or pay $30 to settle. That was December 2017. The channels will freeze and a lot of people will wish they had money that works when they need it. Like Cash.