They won't be. Multi-layer LN & similar tech + txn aggregation will be worked out. First step is already working (& nearly normie ready even this early) & channel factories are just additional application of basically the same innovations already in use
-
I think one of the ‘bugs’ in gold as a means of value communication is that its weight reduced its portability so people preferred to have it safely stored by trusted 3rd parties that couldn’t be trusted and fractional reserve counterfeiting was the gold standards Achilles heel
It's very light per unit value. Biggest problem was & is that it is hard to validate -- assaying is far too costly and inconvenient for most transactions. As a result requires trust in third parties (mints, certifiers, IOU issuers), a trust often abused.
-
-
And those third party middleman services are also quite expensive and slow... they're not socially scalable
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.