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by nivexous
2820 days ago
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I have studied the early discussions, and on-chain scaling was always intended to be primary. Anyone who says otherwise is trying to rewrite history. Payment channels are certainly useful for some cases (high volume, low amounts) but they also come with a host of UX issues and technical complexity that make them unsuitable for primary user payments. |
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The Bitcoin whitepaper had a title of "peer to peer electronic cash", but what it actually described was a system for financial sovereignty. If you want a payment network, use paypal. Why wouldn't you use Paypal? Because it's not decentralized - that's the first reason. And you realize by asking and answering that question that decentralization is the first and most important feature of the system, because it enables everything else. Payments is second.
Layer 2 is a system that preserves the financial sovereignty of Bitcoin. Bigger blocks are a populist movement which disregard science as a result of a conspiracy theory that Blockstream is out to destroy everything. And it ignores so many things - like the other hundreds of core developers; the original intention and literature of the cypherpunks; the actual beauty of layer 2 itself and the amazing speed and privacy benefits it's bringing.
Nobody care's about "what satoshi intended" in terms of on-chain vs. off-chain. "Satoshi's vision" was a decentralized system, and it can happen either way. More likely with layer 2 than without.
BCH is all politics.