Post
Topic
Board Speculation (Altcoins)
Re: [XMR] Monero Speculation
by
iCEBREAKER
on 03/02/2016, 18:56:45 UTC
small bocks will lead to bitcoin banks who will process transactions for you.
Not really desirable imho.

For small transactions extremely desirable. For big transactions not. It works out perfectly Smiley

Exactly.  Nice catch, noticing dnaleor failed to distinguish between (the economics of) small and large tx.

The mistaken notion that trustless payment channels like Lightning are "bitcoin banks" is equally invalid.

Even if it was true, the "bitcoin banks" would be kept sound and honest by the transparent/auditable nature of the blockchain(s).

Finally, let's reiterate that large blocks alone cannot even begin to get us anywhere even remotely near Visa scale, no matter how we wish they could.