Crucial point. "Digital cash" was dreamed up by academic cryptographers long before Bitcoin. It was a privacy-enhanced way to pay in dollars or euro, not a new currency. Many in crypto academia still don't get the idea of an independent currency & its very different requirements.https://twitter.com/waxwing__/status/1012221025503891456 …
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My bit gold design in 1998 was 2-layer: bit gold for settlement, Chaumian e-cash for a privacy-enhanced payments layer. I've always thought of Bitcoin as evolving into a settlements-and-large-payments layer that in the long term needed a layer 2 for consumer payments.
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Thank you for the info, and I think it’s a reasonable standpoint if you agree that BTC needs to be maximally decentralized. My current favorite solution is BTC as a secure, store of value layer while atomic swapping to BCH for payments.
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BCH doesn't have atomic swaps.
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sure it does.
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got a link?
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https://www.reddit.com/r/btc/comments/7juc9i/first_of_many_bch_kmd_atomic_swap_via_barterdex/ … BCH has a much more permission scripting language than BTC due a much larger amounts of OP_CODES enabled by default, as well much larger OP_RETURN allowance. This hostility by core devs forced
#ETH to move away from#BTC and to start a new chain.
End of conversation
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