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by xur17
1830 days ago
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And I can respond to your "scam" claims: > Bitcoin: Uses the electricity of a country to process 2 transactions per second. Layer 2 solutions such as Lightning Network have some significant drawbacks which make them unpractical and vulnerable to multiple attacks. They've been trying and talking it up for years - No results. Can you be more specific about the drawbacks with layer 2 solutions such as lightning network? I use lightning from both the business and the consumer side, and from my perspective, it works just fine. I am able to make payments with negligible fees that settle instantly, and people are able to pay me (business) without any real problems. At this point, the vast majority of Bitcoin transactions I do settle on a layer 2. Frankly, it just kinda "works". > Ethereum: Doesn't scale. The entire ecosystem (including all ERC20 tokens) together cannot process more than 30 transactions per second. New ERC20 tokens have to pay the same HUGE (e.g. $20 per transaction) fees as the mainchain; all tokens slow each other down (compete for resources from each other and drive up each other's transaction fees). They said that sharding was essentially ready years ago but now they've basically canceled it (or 'put it on the backburner' as they like to call it) in favor of extremely complex and vulnerable layer-2 ZK-Rollups solutions which are completely unproven (we don't know what will happen when many projects start adopting rollups; expensive on-chain interactions still need to happen). What makes ZK-rollups "extremely complex and vulnerable"? And perhaps touch on optimistic rollups as well (since these are about to launch and will have dramatic increases in throughput as well)? It seems to me that you are making grandiose claims of problems without any real evidence. |
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