Bro doesn't know what a layer is

Reply to this note

Please Login to reply.

Discussion

What is your definition of a Bitcoin layer?

I think the proper logical framework for layers isn't a Bitcoin specific thing, but rather just a property of complex systems in general. Fiat has layers, (some) shitcoins have layers, Bitcoin has layers, the internet has layers, etc.

A layer is anything that abstracts some lower level construct. Are Bitcoin IOUs on exchanges an abstraction? Yes. A shitty one, sure. But still a layer.