Decentralization is good, but there's no need to bring cryptojunk into the discussion since that's far from decentralized. IMHO.
Bring back the use of open protocols, add IPv6 support throughout and add a sprinkling of peer-to-peer.
Bring back the use of open protocols, add IPv6 support throughout and add a sprinkling of peer-to-peer.
https://images.squarespace-cdn.com/content/v1/58727b5a9de4bb...
If payments / incentives are required, then Bitcoin can be used. For example, there's decentralized Sphinx Chat which runs on the Bitcoin lightning network: https://sphinx.chat
I haven't seen any of the 'cryptojunk' tokens implement an actual service like the Sphinx chat, which is quite telling in my opinion.
Micropayments and nanopayments require thousands and tens of thousands TPS. There are newer generations of crypto that can do that and with none of the energy consumption problems of Bitcoin and other Proof of Work systems.
IMHO, if we’re gonna do cryptocurrency, we should try to make as many transactions as possible on layer 1.
You can send money to/from Chivo using Bitcoin; but the settlement of that beer purchase would not involve Bitcoin network at all.