Erik Aronesty [ARCHIVE] on Nostr: 📅 Original date posted:2021-05-24 📝 Original message:> > I don't think 99% of ...
📅 Original date posted:2021-05-24
📝 Original message:> > I don't think 99% of transactions need that level of security
> Well you can't get security for the 1% of transactions that need it without giving that security to all transactions on the chain. Also, the blockchain security created by miners isn't really a per transaction thing anyway. An attack would affect all bitcoins regardless of what transactions they do or do not take part in.
yes, and this is what lightning is for. to secure the 99% of
transactions that *don't* need billions of dollars and years in lead
time of security.
at current prices, and even with the current known issues, lightning
is perfectly acceptable for small transactions.
Published at
2023-06-07 22:53:59Event JSON
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"content": "📅 Original date posted:2021-05-24\n📝 Original message:\u003e \u003e I don't think 99% of transactions need that level of security\n\n\u003e Well you can't get security for the 1% of transactions that need it without giving that security to all transactions on the chain. Also, the blockchain security created by miners isn't really a per transaction thing anyway. An attack would affect all bitcoins regardless of what transactions they do or do not take part in.\n\nyes, and this is what lightning is for. to secure the 99% of\ntransactions that *don't* need billions of dollars and years in lead\ntime of security.\n\nat current prices, and even with the current known issues, lightning\nis perfectly acceptable for small transactions.",
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