Why Bitcoin can't be just settlement layer?

[jetcrypto]

Speaking about how slow Bitcoin is. Why Bitcoin can't be just settlement layer for different fast protocols without legers? What will drive developers to code for those various "without own ledger" protocols in this case ?

[freebutcaged]

Because Bitcoin is not centralized, no one can decide that not even the developers. Bitcoin is slow, sometimes too much slow.

It also has some high fees sometimes, but that's not an excuse for any change like making it a settlement layer, simply put

You can never decide what to do with Bitcoin's code, that's the whole point of being decentralized, however you can use

Lightning network as the fast protocol and use Bitcoin as a settlement layer.

[jetcrypto]

Because Bitcoin is not centralized, no one can decide that not even the developers. Bitcoin is slow, sometimes too much slow.

It also has some high fees sometimes, but that's not an excuse for any change like making it a settlement layer, simply put

You can never decide what to do with Bitcoin's code, that's the whole point of being decentralized, however you can use

Lightning network as the fast protocol and use Bitcoin as a settlement layer.

I mean, how to motivate more teams to develop various fast and useful protocols  (Iot, scoial apps, etc) which will use Bitcoin as settlement layer? Usually teams are motivated by issuing their own coin/token and sell it to investors (shitty ICO model). 

[avikz]

Speaking about how slow Bicoin is. Why Bitcoin can't be just settlement layer for different fast protocols without legers? What will drive developers to code for those various "without own ledger" protocols in this case ?

That can be done in centralized environment very similar to the visa and MasterCard network. Where they are the providers of settlement layers and their APIs are being used by various participating bodies. Bitcoin is decentralized and unlike other settlement layers, it has its own value.

However, I have seen some ICOs trying to build private and customizable blockchain. But it is not achievable for bitcoin.

[charlotte04]

Because Bitcoin is not centralized, no one can decide that not even the developers. Bitcoin is slow, sometimes too much slow.

It also has some high fees sometimes, but that's not an excuse for any change like making it a settlement layer, simply put

You can never decide what to do with Bitcoin's code, that's the whole point of being decentralized, however you can use

Lightning network as the fast protocol and use Bitcoin as a settlement layer.

This would be the answer for that question. We ought to say that we should do this we should do that. We just have to support Bitcoin as it is today to help it grow nice and big.

[blackandwhite89]

Actually this is not possible in bitcoin. We know that bitcoin is decentralized and so no one can influence it even the developers cannot do that. It is advisable to use some faster network for avoiding such problems.

[redrose8226]

Given that it runs on a decentralized system, it will not be possible to achieve that. It will be better to look for other alternatives.

[Seundavid]

My opinion  Bitcoin is not centralized, no one can decide that not even the developers. Bitcoin is slow, sometimes too much slow and it can High at anytime.

[Crystalcoin24]

Only because it is not on a centralized market, rather runs on a decentralized system instead, it cannot be that.

[BitCoinGuy10]

Bitcoin sometimes has high fees and requires longer time to transfer. Bitcoin is the first crypto and there has been numerous updates and developments to it. If the devs decided to put their effort on bitcoin more rather than going for useless forks then things would have been better. But not all hope is lost, give it time and it will get better.

[jetcrypto]

...Bitcoin sometimes has high fees and requires longer time to transfer....

I'm talking about settlement layer. It means that not each transaction must be immediately written into Bitcoin ledger!

[jetcrypto]

Only because it is not on a centralized market, rather runs on a decentralized system instead, it cannot be that.

If I'll do the protocol (app) without its own ledger, it could agragate data and write it once or twice a day into Bitcoin ledger.

[jetcrypto]

Given that it runs on a decentralized system, it will not be possible to achieve that. It will be better to look for other alternatives.

What alternatives are decetralized with theirs nods and have 51% attack high resistance?

[Qaimmadug]

Though bitcoin cannot be settlement layer but there is a option left to use it as settlement layer and that is lighting network. You can give that a try. Bitcoin in not centralized so it’s code is not something you can decide on.

[Coushon]

You will find some ICO who are working on making their customized blockchain where it is probably possible. But in case of bitcoin settlement layers cannot be done due to it’s being decentralized system.

[Giardina]

It is a very difficult problem and it is unknown whether the developers will be able to solve it.Bitcoin is decentralized, and this is its main feature.Yes, the Commission is quite high..maybe someday the situation will change,but for now you need to look for alternatives.

[Exhim1940]

It is because bitcoin is a decentralized system. There is no one behind it controlling the bitcoin. Even the developers can't control it. The transaction mainly control it's price, which is not in anyone's hand. If bitcoin was a centralized system, it would be setteled, but bitcoin can't be centralized.

[jetcrypto]

It is a very difficult problem and it is unknown whether the developers will be able to solve it.Bitcoin is decentralized, and this is its main feature.Yes, the Commission is quite high..maybe someday the situation will change,but for now you need to look for alternatives.

I can use bitcoin as settlement network easily no matter how it's decentralized