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0 pointssmashem5y ago0 comments

> Which is what makes it even more absurd that people are claiming that adding centralized layers on top of Bitcoin is a valid solution to the cost and speed of transactions.

Who's claiming this? The Lightning Network is gaining popularity as a decentralized Layer 2 solution, for example.

You mean like Cash App and PayPal?

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capableweb5y ago

I think things like centralized exchanges doing trading with centralized technology also "claims" this. Some people seem to be fine with using those as well, even though it supposedly goes against their interest of a payment network without trusted 3rd parties.

bingbong705y ago

Efficient decentralized exchanges are not easy to build but an increasing number exist with the aim of solving the centralization issue (overreaching regulation attempts will push this into hyperdrive).

We can't act like a 12 year old invention should arrive with drop in decentralized replacements for every component of the legacy financial system...this is all being built from scratch as we criticize its shortcomings.

j / k navigate · click thread line to collapse

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capableweb5y ago

bingbong705y ago

j / k navigate · click thread line to collapse