📅 Original date posted:2015-06-28
📝 Original message:I agree that naive scaling will likely lead to bad outcomes. They might
have the advantage though, as this would mean not changing Bitcoin.
Level2 and Lightning is not well defined. If you move money to a third
party, even if it is within the constrained of a locked contract, then I
don't think that will solve the issues. Blockchain does not know about
offchain and moving between offchain and onchain requires liquidity and a
pricing mechanism. That is exactly the problem with side-chains. If you
have off-chain transactions on an exchange, they are ID'ed in their system,
subject to KYC/AML.
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Benjamin [ARCHIVE] /
npub17k…sr5tq
2023-06-07 17:40:54
in reply to nevent1q…gkk5
Author Public Key
npub17kz55p7ysz4ftvq2xyr2zamc776cygwcm5fdz8ndj3jm5umm65xq4sr5tqPublished at
2023-06-07 17:40:54Event JSON
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"content": "📅 Original date posted:2015-06-28\n📝 Original message:I agree that naive scaling will likely lead to bad outcomes. They might\nhave the advantage though, as this would mean not changing Bitcoin.\n\nLevel2 and Lightning is not well defined. If you move money to a third\nparty, even if it is within the constrained of a locked contract, then I\ndon't think that will solve the issues. Blockchain does not know about\noffchain and moving between offchain and onchain requires liquidity and a\npricing mechanism. That is exactly the problem with side-chains. If you\nhave off-chain transactions on an exchange, they are ID'ed in their system,\nsubject to KYC/AML.\n-------------- next part --------------\nAn HTML attachment was scrubbed...\nURL: \u003chttp://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20150628/489ec17d/attachment.html\u003e",
"sig": "b2a067147e8a62c21d27ba06e3f173800aa7986f4f338ed56c48bb240dbdbf5cfa163c9330b05c15437642e5b59898bd29d38ec0c294bca5540a84174c616e1e"
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