Replying to Avatar Naval

Fair point. Sybil multisigs. Ideally there’d be an on-chain reputation system with longevity and successful transaction history. But that starts getting fairly complex.
e1
Willem S 1y ago

What you’re trying to envision is what the spiderchain is doing. Botanix Labs is building this.

Eg decentralized multisigs where >10.000 nodes can participate in.

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Chris 1y ago 💬 1

And pay thousands of dollars for the privilege to run a node. Don't forget that part...

e1
Willem S 1y ago

Bitcoin on it’s base layer should be capable of being run by every person in the world.

That doesn’t make sense for Layer 2s