Damus
MJ · 159w
That's why I explicitly made separate comparisons to Bitcoin and Lightning. Yes, Lightning is hella fast, but it makes massive compromises to enable that speed.
Dr. LowTimePref profile picture
TLDR - oops - I missed the Lightning table ..... wonder why. I think I am assuming a multi layer world that is a parallel to todays physical world - Might want to read the Book Layered Money by Bhatia . Bitcoin is the ALPHA base layer protocol which is 100% optimised for security over speed -and reliability . Censorship resistance .... blah blah - the point of the book is that Bitcoin OWNS the base layer - period. Layers 2- n are a different story . I like lightning vs Liquid - but I admit I am a total noob. I need to do a lot more work on which will win and why - but all this leave me no time for Nano.
It may be the greatest thing ever - but network effect logic says it needs to be 100x better and this aint happening .
1
MJ · 159w
I've read Layered Money. As much as I respect Nik Bhatia, "it's always been done that way" is not a valid reason to continue doing something (layered monetary systems). The entire first half of Nik's book makes many strong cases *against* attempting to build a layered monetary system. It's one of...