Hacker News new | ask | show | jobs
by ActsJuvenile 3067 days ago
Counter-counter-transactions sound like textbook example of overengineering.

Bitcoin's only advantage at this point is its price, which will go away as soon as there is a crash. Then we can scrap Bitcoin, LN, and all the baggage and start with a clean 3rd generation crypto slate.

1 comments

It's only overengineering if it is superfluous, and in this case it's not.

The counter-counter-transaction solves a very real problem and makes the entire system counterparty-risk-free. It's no more "overengineering" than your airbags are overengineering.