fun fact: jane jacobs describes the “fork or get priced-out by higher resource transactors” mechanism (in very different words) in her 1980 book A Question of Separatism

this later inspired a longer form book with more details: cities and the wealth of nations, which doesn’t have a wikipedia page, unfortunately 😞

Reply to this note

Please Login to reply.

Discussion

in essence you are arguing for shifting people to custodial systems "different currencies" issued by someone...

i think y'all need to keep pushing to find ways to improve LN, or build out ark, for sure nothing wrong with fedimints, they fit well also with pBFT ledgers

a bitcoin fork wouldn’t be custodial……..

but if it ScAlEd like BSV and BCH it would become effectively custodial because only a few can run the replicas

fixing LN's liveness problem and finding other ways to create a routeable state channel network than the static point to point would be a lot more helpful

i just read the strong federations paper, well, as much as i could stand, it reads much like tendermint and cosmos rolled into one, it's also not a solution because scaling is not solved by reverting to an old, limited membership distributed database replication protocol, compared to the new one that has the problem of maintaining decentralisation via a small footprint and thus sometimes high congestion