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by phil-m
1821 days ago
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As usual when this tired counter-argument is made, you aren't considering alternative solutions (cryptocurrencies) that are already working with Consensus algorithms like (variants of) Proof of Stake... Forget Bitcoin, Lightning Network was announced years ago and it's still far from being used in production. Also this doesn't solve the Proof of Work problem Bitcoin has, the higher its value the more energy is used, a second layer solution isn't going to fix this issue, it's only increasing throughput. Since developers of Bitcoin are extremely conservative and censoring, I doubt Bitcoin is going anywhere in the mid to far future. Other projects are just faster and can potentially deliver their promises. |
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> Forget Bitcoin, Lightning Network was announced years ago and it's still far from being used in production.
It is being used in production with growing adoption (1ml.com) and it is what they are using in El Salvador.
> Since developers of Bitcoin are extremely conservative and censoring
It's a decentralized network where nobody controls it, developers can't push changes willy-nilly. Bitcoin isn't trying to be everything to everyone and that's ok. You can have other layers and projects which enable these fast moving ideas (most of them are going to be deprecated sooner or later because they'll turn out to be bad ideas anyways). Once these projects prove it works, Bitcoin can incorporate them. Most of these projects that are faster sacrifice decentralization to a certain extent and if we didn't care about decentralization, then why even bother with crypto, we already have Paypal/Visa/etc.