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/biz/ - Business & Finance

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16742807 No.16742807 [Reply] [Original]

>muh micropayments in bitcoin
I don't think so pajeets.

>> No.16742815

>>16742807
this

>> No.16742861 [DELETED] 
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16742861

Whats the point in verifying if all the transactions would go off-chain?

>> No.16742866

>>16742807
Hal is very based, I have immense respect for him

>> No.16742873
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16742873

Whats the point if all transactions would go off-chain?

>> No.16743815

Bump for Hal

>> No.16743951

>>16742807
Bitcoin banks sound very based

>> No.16744163

>>16742873
if all? no point
if most? first layer would guarantee important transactions on chain
but of course, in practice we've seen exchanges replicate fractional reserve banking (finex in particular) so this isn't reliable
the real solution is unironically what ethereum is going for. you want a stable first layer powering thousands of second layers, for everything to be transparent and verifiable with various levels of security proportional to the value secured