A Bitcoin Guy on Nostr: There are always trade-offs developing technology for different use cases. What ...
There are always trade-offs developing technology for different use cases. What Fedimint does for #Bitcoin regarding trust,security,reliability, speed & low transaction fees is akin to what the ‘wheel’ did for transportation.
Owning your own car offers a lot of freedom but options of mass transportation via wheel (taxi, bus, train etc) are more affordable & available with trade offs of trust, security, reliability & speed.
Great technologies offer optionality.
Great discussion about the Fedimint protocol between @saifedean & @obi on The Bitcoin Standard Podcast episode 226.
Published at
2024-06-21 05:32:04Event JSON
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"content": "There are always trade-offs developing technology for different use cases. What Fedimint does for #Bitcoin regarding trust,security,reliability, speed \u0026 low transaction fees is akin to what the ‘wheel’ did for transportation.\n\nOwning your own car offers a lot of freedom but options of mass transportation via wheel (taxi, bus, train etc) are more affordable \u0026 available with trade offs of trust, security, reliability \u0026 speed. \n\nGreat technologies offer optionality.\n\nGreat discussion about the Fedimint protocol between @saifedean \u0026 @obi on The Bitcoin Standard Podcast episode 226.",
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