Damus
Sovereign Being · 2w
Sidenets don't have the security that Bitcoin L1 provides.
Momud profile picture
Yes, but none of them have the security of Bitcoin L1. Therefore, we have two options: creating a new networks or developing L2. Both options require creating a centralized networks. But if we choose L2, at least we use the L1 unit of value and are therefore secure. In the other networks, neither the network itself nor the unit of value is secure. Now the question is: Should the cryptocurrency community spend its energy constantly creating new networks and new forks, or should it build L2 networks that remain true to Bitcoin's vision of digital capital?
Sovereign Being · 2w
There's a third option - adopt existing networks like the ones I mentioned. "We should build L2's" - I've been hearing this for the past decade. How's that going? The problem is the L1 keeps getting attacked from inside and L2s seem to need an infinite timeline - Soon™. Better security and stro...