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G Force G 2 months ago
Bitcoin lacks the properties of p2p digital cash. * Transactions are not anonymous. * Transactions are slow. * Transactions are expensive. * Core developers neutered bitcoin so that regular people need "layer 2" solutions (a trusted third party?) provided by companies that employ said developers. But hey, number go up or something. I don't see the word "layer" anywhere in this document. The doc reads as if the blockchain itself is bitcoin. I'm not an expert, but this doesn't look like the bitcoin I read about. Miners, node runners, and devs _could_ fix it. I wouldn't know where to start.

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G Force G 2 months ago
Imagine paying the baby sitter with "cash" but first you have to open a channel (stake bitcoin?) Then send it to them, then close the channel or something? I don't know how lightning works.) Then "settling" on chain (sounds like something banks do...) and paying a significant fee in the process? Why can't payments just be settled when they are paid? Why can't you just take $20 of bitcoin out of your wallet and give it to the baby sitter and then she puts it in her wallet? (Use p2p digital cash as described in the white paper and in satoshi's correspondence?) Why would this be an expensive process that takes 10+ minutes to complete on a good day?)