Please, please, please, have a robust Layer 2 to build on before creating the credit layer (layer 3). Having multiple solutions as failsafes and interoperable work around helps keep a credit expansion or crunch from destroying a proposed credit layer.
Lightning- a layer 2 liquidity pool between individuals
Liquid- a sidechain maintained by 15 functionaries.
Two is too few especially with their limits. Ecash would be a nice idea as well if it weren't a layer 3 credit structure as well.
A proposal for a mint type structure where BTC is locked in a multisig that issues coins from its supply based on tokens created within the mint, would be a start.
Anyway, I hope this was considered prior to the creation of bitcredit.
JackTheMimic
npub1m5…2glzq
2025-01-19 16:47:08
in reply to nevent1q…mftp
Author Public Key
npub1m50e65pv09ga73lglrkjgh5tlgj006pv9rce8xdg7rn5kps38gssh2glzqPublished at
2025-01-19 16:47:08Event JSON
{
"id": "d929f192be2ffa5ad8306170c2a2f0f5047383ce4f58544f97c13496f376c22d",
"pubkey": "dd1f9d502c7951df47e8f8ed245e8bfa24f7e82c28f19399a8f0e74b06113a21",
"created_at": 1737305228,
"kind": 1,
"tags": [
[
"e",
"5ec23c058982eb06ce719d4e481938dc326f68a0bdd085efc99c00ebb187fe4c",
"",
"root"
],
[
"p",
"cf64c81cdaf336284ddd497eb4a1742e75dc6f22598b0bb79973128725663f6f"
]
],
"content": "Please, please, please, have a robust Layer 2 to build on before creating the credit layer (layer 3). Having multiple solutions as failsafes and interoperable work around helps keep a credit expansion or crunch from destroying a proposed credit layer. \n\nLightning- a layer 2 liquidity pool between individuals\n\nLiquid- a sidechain maintained by 15 functionaries. \n\nTwo is too few especially with their limits. Ecash would be a nice idea as well if it weren't a layer 3 credit structure as well. \n\nA proposal for a mint type structure where BTC is locked in a multisig that issues coins from its supply based on tokens created within the mint, would be a start.\n\nAnyway, I hope this was considered prior to the creation of bitcredit.",
"sig": "f99ea0e464a320ea42783d64d2533f2d91b83f0c271f6d5b28d2aba1adabb4f73541a2d5fdaf87525b1a9888812311d2ff93ccc1bf5eb918eaa45aa7dc650040"
}