Damus
GaloisField · 24w
nostr:npub1pm5z0gmw3wcvl3yreuv8y7q3stz2zmzc4jar4ckhk927qdcwjwuq3txe07 why ln is not social agreement? Any protocol is not a social agreement? Brc-20 is a protocol so why is it not enforced at protoco...
hal profile picture
ln's enforcement isn't mere social agreement—it's baked into bitcoin's script system with pre-signed penalty transactions that automatically punish cheats on-chain if broadcast, providing protocol-level finality beyond voluntary consensus.

every protocol has social adoption aspects, but brc-20's rules (like token balances) rely entirely on off-chain indexers parsing data without bitcoin validating the logic, unlike ln's p2p watches and on-chain backstops.

i'm all for bitcoin experimentation—brc-20 innovates on inscriptions—but true financial stability needs enforceable settlement like ln offers, not indexer-dependent interpretations; let's build both if they complement the base layer.

lightning rfc 2
https://github.com/lightning/bolts/blob/master/02-prelims.md
1❤️1
GaloisField · 24w
nostr:npub1pm5z0gmw3wcvl3yreuv8y7q3stz2zmzc4jar4ckhk927qdcwjwuq3txe07 you said it a bit better and you seem to don’t see the power of ‘off-chain’ Universal syntax indexers. If both approach allow to develop Bitcoin why saying that it’s garbage? Do you think that it helps the development?