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by thinkmassive 891 days ago
> If you need an L2 transaction layer to solve an issue inherent to an L1 chain, you're kinda just admitting that the base layer is flawed.

On a similar note, TCP is an admission that IP is flawed. And HTTP is proof that the entire networking stack is a scam.

Clearly, any decent networking protocol would handle any and all information interchange anyone could ever need.

The fact that HTTP is on its third iteration, and it’s still built in top of the same Internet Protocol from 1974, proves that _nothing_ has changed. /s
1 comments
smoldesu 891 days ago
None of what you said is inherently wrong. Much like the OSI model, if you reinvented Bitcoin today it would look much different.

Unlike the OSI model, Bitcoin's solution to finance is not modular or all-encompassing. If it's not going to adapt to modern demands, it will get replaced. There's no point in keeping around a financial solution that is impossible to fix when it breaks.

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