Most definitions of crypto refer to tech ("blockchain"), first use case (cryptoCURRENCY), or adversarial environment (@NTmoney). To me, the core is about economics & complex systems, sth like: "A formalized, digital, self-regulating network for economic interaction." Feedback?
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Its quite funny/ironic:
#BTC needs the#LightningNetwork for scaling. The LN is needed as a base and a catalist for the 'trust network'. But then the 'trust debt network' will outcompete the regular BTC network and eventually decrease the need for BTC.Thanks. Twitter will use this to make your timeline better. UndoUndo
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The interesting thing is that the
#LightningNetwork creates a very good starting point for this. All that needs to be added is the option to create trust based channels. This channls would be cheaper to operate (less blockchain tx, no liquidity locked up) = more profitableThanks. Twitter will use this to make your timeline better. UndoUndo
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