mleku on Nostr: seriously bro... L1 is not where you do payments banks manage the stack payment ...
seriously bro... L1 is not where you do payments
banks manage the stack
payment networks trigger changes in the balance between the banks
L1 and L2 in fiat world
why would it be any different with cryptocurrency
show me one shitcoin project that is just a L2 on another cryptocurrency? that's right, there is none!
you want payments, you have to build a payment clearinghouse system, and that's what lightning does, enabling you to build a small clearinghouse peer to peer
it almost perfectly matches up too - payment networks don't settle payments (on the L1) unless they have to or their relative balances get stuck in one direction... precisely how LN works
no, there is no such thing as payments on L1 blockchains
this is the elephant in the room that the entire "cryptocurrency" space is in denial about
banks manage the stack
payment networks trigger changes in the balance between the banks
L1 and L2 in fiat world
why would it be any different with cryptocurrency
show me one shitcoin project that is just a L2 on another cryptocurrency? that's right, there is none!
you want payments, you have to build a payment clearinghouse system, and that's what lightning does, enabling you to build a small clearinghouse peer to peer
it almost perfectly matches up too - payment networks don't settle payments (on the L1) unless they have to or their relative balances get stuck in one direction... precisely how LN works
no, there is no such thing as payments on L1 blockchains
this is the elephant in the room that the entire "cryptocurrency" space is in denial about