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@ek
5,509,619 sats stacked
stacking since: #57444longest cowboy streak: 233 verified stacker.news contributornpub16x07c...2j2s96s89dekzyis
0 sats \ 1 reply \ @ek OP 56m \ parent \ on: Are Cashu mint operators breaking the law? bitcoin
No I don’t because most people understand what I mean, except you
I don't know what you guys are talking about, but that's great
means Stacker News is growing beyond what I can keep track of
What part creates a schism?
wanting to disrupt both traditional banking systems and the global fiat currencies underpinning them with a system that can't scale to compete with them on a global level
Otherwise, it's globally adopted at the cost of disruptive impact
you want disruption, but not global adoption, that makes no sense to me
Stacker news being centralized is a good thing to ensure the system cannot be gamed (opposed to Nostr in this case - where zaps can be faked).
💯
Until we can figure out how we can "decentralize a lightning node" or receive to multiple receivers atomically, I think every system that wants to use proof of payments to fight spam will require centralization so the system can prove it was paid. While nostr is still figuring this part out (all pay-to-post relays are centralization vectors), I am not sure we can ever figure out how to build such decentralized systems.
Does bitcoin solving spam/bot content really make the game much better?
you might want to look into @Tribyu, they are using bitcoin to fight cheating
If we can’t beat traditional payment processors and bitcoin will still actually be used for payments one day everywhere in the world, these traditional payment processors will build centralized solutions on top.
Have fun with 200 TPS while I use lightning.
Fees aren’t a thing in BCH because there’s no demand.
Your instant confirmation is zero or one confirmation. You should not accept on-chain payments with just one confirmation.