Hacker News Reader

How is this not the primary use case for a Blockchain? Of all the nonsense blockchains have been used for, this one actually makes sense. Just need a layer like Lightning with high throughput, and equally distribute network costs across the chain based on transaction amount, no?

View on HN

No.

You'd add a lot of technical complexity, especially if you need this to be instant. You'd loose the ability to effectively fight fraud, and because of this get a huge target on your back attracting all sorts of unwanted behavior.

On the other hand, you'd gain... nothing? Especially since consumers cannot be expected to run their own blockchain stack, they'd need to fully trust their banks and intermediaries anyhow.

If you need a lightning layer on top anyway, there is no reason to use block chain. It will be better for every single person and business to have an account directly with a European Union Central Bank.

Reply on news.ycombinator.com