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by frankenst1
1379 days ago
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> lightning isn't on the bitcoin chain until it gets synchronized. That is literally the purpose of building second layers. We don't need to keep on-chain records of every microtransaction and coffee purchase in an immutable, ever-growing blockchain synchronized across thousands of nodes across the globe. > If I give you a bitcoin address, you can't send anything to me with the lightning network. Sure I can. It is called a submarine swap. |
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You can call it whatever you want, someone still has to sync with the main chain, where all the utility is. You can get together with your friend and give each other IOUs all day every day, it doesn't somehow change the fact that bitcoin's throughput is severely crippled to be the speed of a dialup modem.
Have you ever stopped to think that other cryptocurrencies don't have second layers because people don't want them and their chains don't need them? Why go through all this when there is no reason to have a crippled chain in the first place?
Using regular cryptocurrencies is incredibly simple and elegant. It's only when people started to believe propaganda about disk space and cpu time (that never made sense with the most basic examination) that somehow something that worked amazingly well is now a complete mess.