Btw, Kaspa fixes all of this. It’s solves the trilemma.
Discussion
Can you explain the trilemma problem like I'm 5.
1. Secure: significantly resistant to fraud, attacks, and manipulation. Nobody can acquire the asset without trading time and energy for it.
2. Decentralized: no single person, entity, or group can change the network without consensus.
3. Scalable: easily divisible and quickly portable or available to trade.
If you were 5? I guess I’d say you can be confident the work you are paid for won’t be stolen, diluted, or changed and you don’t need anybody’s permission to access it or spend it.
Just to poke the bear.
Doesn't Bitcoin solve all of those. And has first movers advantage and network effect?
Bitcoin can’t scale. It’s not used as P2P cash as intended but Satoshi. Hence L2s like Lightning and mottos like “never sell your Bitcoin”. The transaction space per block is not there.
I do disagree. I'm confident it can and will scale with tools like lightning and ones being built.
I'm not educated enough to go deep. But I haven't been convinced something else is a better solution and that bitcoin isn't the alpha
Sure it can scale on the L2, but it’s not Bitcoin, right? There’s a reason your Bitcoin and Lightning address isn’t the same. There’s a reason Watchtowers exist for retroactive regulation of bad actors. And yes not permission-less unless you are on your own channel. You need somebody to allow you to transition Lightning Sats to BTC, like Jack. And Lightning transactions don’t support the miners. And the fees are unpredictable on Lightning.
Just knowing that Lightening doesn’t support BTC miners should be enough for you. “Never sell your Bitcoin” and L2 isn’t Satoshi’s vision. Bitcoin can’t scale as it is. Saying it will in the future is a subjective hope. And that’s fine, if that’s where you land. Subjective hope is something. But objectively, it can’t scale as is.
I will continue to read your posts and others opinions.
I appreciate your contrarian approach 👊
Mostly, I just don't see anything at the moment that actually does solve any potential problems. So this pleb here will just keep stacking and reading. 🫡
Is this Cody?
I just came across this convo again and i don't remember a WildBill
And by all means, poke the bear. I welcome challenging consensus. If we don’t all challenge consensus, that’s how you end up getting vaccinated for COVID.
Do you disagree?
So like Bitcoin but without some Dev team calling themselves core taking money from Blackrock to fund their work?