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Author Topic: bitcoin blockchain trilemma, who will solve it  (Read 263 times)
ToothlessCoin (OP)
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March 19, 2020, 08:21:31 AM
 #21


There is no "trillema" at all, because there is no scalability issue either. If you think Bitcoin is unsuitable to buy coffee, don't use it for coffee.


Thats a valid point. Scalability is only issue if we need faster transactions like buying coffee. If you are receiving a payment from someone and can wait for an hour (in most cases we are) then there wont be any scalability issue.

I repeat my question, is there any commercial application of a block-chain that is decentralized as well as scalable. We know businesses like banks only need centralized blockchains that are scalable (XRP for instance) and they wont accept block-chains like BTC. Probably thats the reason no one paying any attention for development of decentralized as well as scalable block-chains.
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March 21, 2020, 08:06:54 AM
 #22


We know that Lightning network is already there but it hasn't been able to take off yet, not many are using it. Why still bitcoin old network is preferred over LN? Its because we still dont trust this new concept.


Because there are really few merchants accepting Lightning payments. The UX for actually using Lightning is also difficult for the average user. Although there are Lightning custodial wallets, like BlueWallet for IOS, which is easy for newbies.

On the topic of solving the Blockchain Trilemma, Lightning itself might not solve it, but I believe developing Bitcoin as a layered protocol is the right path.




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April 24, 2020, 08:27:35 AM
 #23

I like the idea of alternatives where it is allowed not to write all transactions to the blockchain. This speeds up payment processes. Instead, it is sufficient to use the payment channel.
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