Bitcoin has or is evolving through several stages of value transfer: 1. small value transfers at layer 1 when Bitcoin was a tiny niche (10,000 BTC for a pizza) 2. larger value txs as wealth flow increases and small txs get priced out of layer 1 3. small value txs at layer 2https://twitter.com/NickSzabo4/status/936361211280502784 …
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Is Lightning Network layer 2? https://lightning.network/
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Are there any services you see besides Lightning that could fill the same need today?
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There are a wide variety of variations on its design, some of which may use collateral more efficiently or have better privacy.
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Nick, how about your opinion on RSK. Is the network effect too strong with ETH for RSK to still emerge in a dominant way? ETH seems like a security disaster.
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What do you see as the other strong contenders for bitcoin layer 2?
Thanks. Twitter will use this to make your timeline better. UndoUndo
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