roarkjanis on Nostr: The size of the block doesn't seem like the issue. It seems like layer 1 taking an ...
The size of the block doesn't seem like the issue. It seems like layer 1 taking an average of 10 minutes per block to confirm and 60 minutes for 6 confirmation to ensure immutability is a bigger concern. Why don't the big blockers ever explain how BTC can be a Medium of Exchange (MoE) when it takes much longer than a fiat credit card approval we are used to when exchanging. Lightning and a myriad of other options mentioned by
Jeff Booth (npub1s05…eyhe) do offer a comparable user experience. My focus is on creating the Unit of Account (UoA) to support the MoE so that bitcoin can become have all monetary properties as the geniuses that are working on layer 2 have great solutions for us.
Published at
2024-09-20 02:20:23Event JSON
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"content": "The size of the block doesn't seem like the issue. It seems like layer 1 taking an average of 10 minutes per block to confirm and 60 minutes for 6 confirmation to ensure immutability is a bigger concern. Why don't the big blockers ever explain how BTC can be a Medium of Exchange (MoE) when it takes much longer than a fiat credit card approval we are used to when exchanging. Lightning and a myriad of other options mentioned by nostr:npub1s05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sq6eyhe do offer a comparable user experience. My focus is on creating the Unit of Account (UoA) to support the MoE so that bitcoin can become have all monetary properties as the geniuses that are working on layer 2 have great solutions for us.",
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