I get your point, a lot of people is saying that LN is a needless adding of complexity. (Although I agree with it) so, I don’t see the problem of ppl working on new ways of reaching consensus
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LN might be more complex than layer 1, and in some sense resemble aspects of a PoS system, but the important thing is that it doesn't try to solve everything at once. Rather, it builds on the consensus foundation of the base layer protocol, and doesn't harm the base layer.
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This is a well known approach to building software that we have decades of experience to draw from: a layered architecture. Each layer focuses on one problem & one problem only. You don't build complex things right from the beginning. That has proven to _never_ work well.
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This is the Unix design philosophy. In short, "flexibility, simplicity, and freedom are the foremost considerations".
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But they even explain they went in tangents that ended up not working. It’s a complicated problem. I’m sure if Satoshi was giving early comments about Bitcoin people would have said its too difficult
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It doesn't matter how many tangents they go in, because their fundamental assumption is outright incorrect. That's exactly what spawns a bunch of complexity down at the other layers: starting from a wrong/weak assumption.
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What’s the wrong assumption? That staking isn’t secure as PoW? Or what
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Thing is, ETH is a shitcoin. It's priced in BTC. When BTC has swings, ETH has even larger swings. In the end, the secureness of ETH PoS will be directly correlated to the hashrate on BTC.
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Well.. trying to have a good discussion, starting with eth is a shitcoin is a dumb way to look for attention
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Please take a look at the markets. When BTC has a fat 2k dildo candle, what happens to every altcoin?
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Yes of course, but also is correlated with many things, for example, teams receiving 100M for nothing and then panic selling, market in eth is maturing and that won’t be the case in the future
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That's not falsifiable.
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