Login to reply
Replies (16)
It really is.
If you can't trustlessly settle back on-chain, it's not a Bitcoin layer
How does that not make it a layer 3
Do you consider coinbase, kraken, bank btc balances a layer 3 bitcoin?
If Bitcoin is layer 1 in the OSI model, what is layer 3?
Yes. A layer is an abstraction. Not all abstractions are created equal. Considering something a layer isn't an endorsement. E.g. cashu is amazing, Coinbase is a cancer.
Bro just said "Coinbase is a layer 3 for bitcoin"
Bro doesn't know what a layer is
Mo money mo problems
What is your definition of a Bitcoin layer?
I think the proper logical framework for layers isn't a Bitcoin specific thing, but rather just a property of complex systems in general. Fiat has layers, (some) shitcoins have layers, Bitcoin has layers, the internet has layers, etc.
A layer is anything that abstracts some lower level construct. Are Bitcoin IOUs on exchanges an abstraction? Yes. A shitty one, sure. But still a layer.
Yes, but is more easier to explain eCash as a "layer 3" of Bitcoin.
Just need to make sure people you explain it to understand that they no longer hold the keys to access the bitcoin (aka custodial)
Yes, of course.
Your meme are fantastic 🤣🤣🤣