Programmable money (ETH, etc) is hard to scale. So people build Layer 2s.
But these Layer 2s are barely decentralized. And now there’s a crop of L2s that are really just multisigs.
But wouldn’t a sufficiently large group of multisigs be somewhat decentralized? Like a digital Hawala network?
Especially for transactions (but not for smart contracts where money is locked up).
naval / Naval
npub1n5…20ngn
2024-07-14 23:21:35
Author Public Key
npub1n5r9lpxqewnmpmux7hfdz40xecq30z52x0sef7vend6f0vdjyqds020ngnPublished at
2024-07-14 23:21:35Event JSON
{
"id": "2a8978c61a919353b84af4910c70597e29a53ca2eae292cede6470125509771d",
"pubkey": "9d065f84c0cba7b0ef86f5d2d155e6ce01178a8a33e194f9999b7497b1b2201b",
"created_at": 1720992095,
"kind": 1,
"tags": [],
"content": "Programmable money (ETH, etc) is hard to scale. So people build Layer 2s.\n\nBut these Layer 2s are barely decentralized. And now there’s a crop of L2s that are really just multisigs.\n\nBut wouldn’t a sufficiently large group of multisigs be somewhat decentralized? Like a digital Hawala network?\n\nEspecially for transactions (but not for smart contracts where money is locked up).",
"sig": "ddfc5ab534c730b9b1fd75c7ba033cbebfeea70fec957b1e7de5a2da1c352340a90ad122e0b30def1bb0168407c1705d74a2fd8cb92d4b578cd961a7294dbc8f"
}