Well The issue is the higher the layer the more complex it gets
Since most times they are created to bring about More feature or functionality in  prior layer
And Complexity most times brings about more bugs and attack vector
The layer security is reliant on one under but with more risk added from additional feature.
Hence why successful layer two are limited and gets lower as the layer increses.

Judging from your username I guess you speaking about decentralised and privacy money like Bitcoin
It's not considered a crime since the technology isn't inherently criminal but particular use can be
Just like virtually any technology.
I will place it as a messed up stereotype that many believe if you interested in privacy then you should be a criminal.

Yeah we face similar in my country that's quite reliant on oil for transportation
And most machinery.
When I found out how cheap Iran own was
I was actually surprised. Never knew petrol could be that cheap
I understand some would argue that they have oil and refineries
We also do have oil but no working refinery.
Here if there's a 10% increase in petrol
Transport cost would be increased by say 40%. And if it reduces
They won't reduce the cost of transport and this indirectly affects others ventures and Goods.

It seems the rate at which exchanges fail are dropping or the rate at which exchanges are created have dropped
Could be
Recently found that majority of the exchanges in Brazil would be filing for bankruptcy or closure
Due to the new law that's about to be enacted October
So more would be joining the list soon.

I'm surprised there is noMT GOX collapsed 2014
FTX November 2022
These really shaked the crypto market.

Don't rule out the prediction
It could end in a draw
Missed chances from both Vinicius and Mbappe
Is this how they plan on competing for the league or the Ballon D or?
Quite disappointed since the beginning of the season with their performance and a little envious of Barcelona.

Well capability should win especially if you want your legacy to continue
The truth is even if it does continue it is no longer of any concern to you.
I believe this should be in the politics and society local board no?

Even if it's common in Africa doesn't mean there aren't families especially old money that practice it
The best they can do is to find a dummy husband so their can lead from the background.
It isn't just Africa problem
It's the world problem.

Bitcoin usually pumps and starts a bull when such claims starts spreading
A shame they are still quiet now.
I believe many have grown to silence the noise which isn't backed by anything substantial.
My thoughts is that it's Bullshoot.
And the statement would still go on
It's a means many that believed they have missed the train use to comfort or bring people to their level.

A beautiful as always
I would add that even if we leave indirectly we still affected by the system
Bitcoin helps imo reduce our dependence in the system.

Except now some willingly give a third party the key without considering they on their mercy.

Or also scared of what it would mean if the building does come crashing.
It has been for years but it always gets patched/renovated with people for getting about the past.

It depends on the merchant
And that would require you informing support about your situation.
Definitely because the invoice time elapsed doesn't mean the blockchain would reject it.
The transaction can remain valid and unconfirmed after the invoice expires
So whether you still get credited depends on the merchant's payment policy.

I'm not sure people ever wanted the government to get involved in Cryptocurrency
I for one wasn't thrilled but knew it was inevitable with the rate Bitcoin has grew.
First time we were quite in the limelight
So not much data to compare with to know if it's relatively better or worse
I'm leaning towards it could be worse
Seen some countries actions towards Cryptocurrency and it's not looking good for its future in that country.

I believe this shouldn't be a news to many that Dangote refinery ipo start today
And many of their approved fintech be crash with the number of rush 
Their target na two point something trillion and dem don raise one trillion plus for first day
Even otedola buy alot.
This one no refinery
The importance of refinery for this oil world nor b here
E fit help reduce petrol price
And imo this one feels a little like a good opportunity


What are your thoughts?
I don't know if it would be accepted in our main local board and we nor get economics board yet.

The more I learn about others view and scrutiny on Bitcoin
The more appreciative of my country's semi indifference to Cryptocurrency
Even with the strict requirement
One that piqued my interest was the fact that any above $10K outside the country would have to undergo risk scrutiny.
It's a shame they plan on placing it under the central bank.
This is one thing I fear about the adoption we getting
Increase in KYC and AML compliance.

There's no path or system without its trade off
With such threat it would be relatively easier for centralized system to move to quantum cryptography
Unlike Bitcoin that's decentralised and has the follow the majority.
One of the issues many are facing is how to go about Satoshi coins
Whose pubkey are already publish being P2PK.

It would take time doesn't mean Bitcoin won't have to change.

There are Contracts like DLC( discreet log contract) that makes use of existing OP Codes
In peforming this function.
They allow native BTC to be locked as collateral directly on Bitcoin with an Oracle providing external data like price.


That's not really true and too absolute
Stats are showing that as the years goes by volatility is reducing
It won't be wrong that we might get to a stage where volatility would be relatively low as Gold.

Well I believe this has run its course
I was at least expecting a diverse view but I guess majority states that there is no issue
When we barely even make use of Bitcoin as a medium of exchange even when it's accepted.
So from the summary, majority on the forum believes medium of exchange is from the merchants end
And not from the customers.

Thanks for all the response. Will be locking the thread.

Not really true
Yes there's a network fee especially through on chain
But it's not a fixed percentage
It's based on transaction size data and congestion level
$5000 can go for $5 and $1000 might even go for $20.


And this was why I used an IPhone as an example.
Imo if we too fixated about the future benefit what about the now
Or about using Bitcoin as a medium of exchange even if it might have it's own issues.

The topic it's quite generic I know just curious after having a conversation that circled around this area.

I understand where you coming from especially in respect to bitcoin being a decentralized asset.
But accepting Bitcoin shows as one of means they consider Bitcoin as one of a superior currency
And it's a form of stacking Bitcoin no matter how small
The bitcoin they buying is as a result of someone selling
So I'm not sure it changes much.
They could serve as a precedence that other goods company could implement which would in turn
Improve the price and trajectory of Bitcoin.

The Blockchain doesn't care about who's behind the key but the key itself.
But controlling the key doesn't automatically mean legal ownership.

There's nothing stopping them from spending the coins
And on legal ground if there's no one to claim ownership no ones is going to know.

The owner might be dead doesn't mean they didn't keep the keys for an heir
But it gets complicated if the keys dies with them.

Depends on the decision he takes later on.
I would say he could start by moving the coin to a new address
Await if anybody calls it out but if it stays silent which I doubt any owning billions worth of Bitcoin would
It means nobody has access or tracks the coin
And if they do
It's easy to explain yourself or send it back.

Not much of a fan but I won't deny it's hard for it not happening
They can't destroy Bitcoin itself
But they can influence how people use it
Slow but effective.
Now there are more players but majority of the institutions don't care about Bitcoin as money
But a scarce asset that it's price may likely rise more in the future.
Decentralization and privacy? Only minority care about it.