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RE: "We decided to move on to superior technology"

in #bitcoin • 8 years ago

Ehh LN is cool but it does not solve all problems. Also it is inherently centralizing.

https://steemit.com/bitcoin/@kyle.anderson/fork-christ-s-sake-bitcoin-is-going-to-fork-is-segwit-bitcoin-whose-side-should-i-be-on

8 years ago in #bitcoin by
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     8 years ago  

    agreed. but it has can excel in some specific use cases like micro-transactions, but nothing is without a cost (centralizing).
    about IOTA (i'm not very familiar with that one yet but it seems quite promising), what are the problems you are referring to?

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     8 years ago  

    Haven't seen any compelling game theory of their Tangle. Can't do smart contracts - by design. Also DAG structures are vulnerable to "becoming spread too thin".

    Interesting experiment. Really shouldn't be given more status than just that.

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