when btc started it would appear the 10 minute wait was acceptable. if there are any that used btc in this time it would be great to know what the experience was like. pros and cons.
today's corruption of currency and the financial tools, makes 10 mins seem like a small price to pay for the freedom. the downside are the fees to do small transactions, which reduces the feasibility of using btc for minor transactions. yes there are some great l2 solutions. are we reinventing the wheel though?
if btc was unlimited transactions from the start and only installed small blocks for protection of the early network, would it be reckless to consider expanding the scope of operations to match the network scale?
the danger is ossification or stagnation. if nobody uses the network for anything other than huge payments, it is no longer the people's money. can l2s be locked out of the network? eg: can lightning be switched off/disconnected?
thank you for your response. it is all extremely helpful in understanding.
good fortunes with your ventures.
GM 🙃
nostrdamus / NostrDamus
npub1l7…hdd3x
2024-09-20 18:19:29
in reply to nevent1q…87s4
Author Public Key
npub1l7x37ht5g2hv0lac77887vr3am9yaph2l7u6k42mztls7acxsc7quhdd3xPublished at
2024-09-20 18:19:29Event JSON
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"content": "when btc started it would appear the 10 minute wait was acceptable. if there are any that used btc in this time it would be great to know what the experience was like. pros and cons.\n\ntoday's corruption of currency and the financial tools, makes 10 mins seem like a small price to pay for the freedom. the downside are the fees to do small transactions, which reduces the feasibility of using btc for minor transactions. yes there are some great l2 solutions. are we reinventing the wheel though?\n\nif btc was unlimited transactions from the start and only installed small blocks for protection of the early network, would it be reckless to consider expanding the scope of operations to match the network scale?\n\nthe danger is ossification or stagnation. if nobody uses the network for anything other than huge payments, it is no longer the people's money. can l2s be locked out of the network? eg: can lightning be switched off/disconnected?\n\nthank you for your response. it is all extremely helpful in understanding.\ngood fortunes with your ventures.\nGM 🙃 ",
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