bogdanzurac on Nostr: "Reducing the number of participants needed to extend the blockchain increases the ...
"Reducing the number of participants needed to extend the blockchain increases the speed and scalability of the system, while validation by all parties ensures integrity of the transaction history."
From the Elements documentation (https://elementsproject.org/how-it-works), on top of which Liquid (https://liquid.net/governance) is built upon. By definition, it is the antithesis of #bitcoin, as it employs centralization in the hands of a few companies.
Sure, they try to mask it with a layer of democracy on top (through their annual 3 Federation Boards re-election), but don’t be fooled. It’s a #bitcoin masked version of a FED.
Stop trying to come up with solutions to problems that don’t exist. #bitcoin and #lightning already solve the entire monetary system. The only thing that we’re currently missing is a decentralised marketplace which runs on #bitcoin. And that’s currently being tackled by either CivKit (https://github.com/civkit/paper/blob/main/civ_kit_paper.pdf) or similar projects.
Focus on the right tech and disregard the rest. Otherwise we’re wasting all our collective time.
From the Elements documentation (https://elementsproject.org/how-it-works), on top of which Liquid (https://liquid.net/governance) is built upon. By definition, it is the antithesis of #bitcoin, as it employs centralization in the hands of a few companies.
Sure, they try to mask it with a layer of democracy on top (through their annual 3 Federation Boards re-election), but don’t be fooled. It’s a #bitcoin masked version of a FED.
Stop trying to come up with solutions to problems that don’t exist. #bitcoin and #lightning already solve the entire monetary system. The only thing that we’re currently missing is a decentralised marketplace which runs on #bitcoin. And that’s currently being tackled by either CivKit (https://github.com/civkit/paper/blob/main/civ_kit_paper.pdf) or similar projects.
Focus on the right tech and disregard the rest. Otherwise we’re wasting all our collective time.