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0 sats \ 0 replies \ @harrigan 23 May \ on: What layering has Eric Voskuil in mind in this passage of Cryptoeconomics? bitcoin
I believe so. He views layering as the best way to scale Bitcoin: higher-level systems that eventually settle to the base layer. He says that users are making "a local and time-limited security compromise" when using such systems, but this is better than making "a system-wide and permanent compromise". Although not mentioned in the book, this would include Lightning and similar systems.