I just listened to the latest Let's Talk Bitcoin podcast and both hosts seemed to be pretty down about the fact that the entire world will never be able to have 100% of their transactions on the main chain as was originally envisioned. Is that really such a bad thing though?
Isn't the Internet kind of the same? Multiple layers of an onion that all piece together to form something that the end user never has to think about using. Isn't that what Bitcoin would basically become if we build other protocols on top of or in conjunction with Bitcoin? So long as these layers don't involve central points of failure or trust I don't really see why it's such a bad thing.
If we build these layers so that they still embody the same principles of not harming decentralization or fungibility it really shouldn't matter right?
Help me see what I'm missing here in this debate please.
Submitted October 31, 2016 at 12:24AM by Kitten-Smuggler http://bit.ly/2f6l0B1
No comments :
Post a Comment