Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency
Dash can't support sidechains or Lightning
I think thats the whole point.
FYI, fixing Bitcoin's fungibility problem automatically fixes privacy as a side benefit.
And FYI, you don't fix a "fungibility problem" by making coins less like each other, you fix it by making them more like each other. So following your logic, consider Bitcoin's privacy "unfixed" as a side benefit
And scaling by using a layered approach is how good engineering works
Indeed. But it's not how "good money" works. So there is a design conflict.
Application layer
Transport layer
Internet layer
Link layer[/center]
Looks exciting, for you. But gold has only 1 monetary "layer". Grain has only 1 monetary "layer". Silk has only 1 monetary "layer". Every form of base monetary asset that ever existed only had only 1 monetary "layer", regardless of the fact that myopic techno-trainspotters can't tell the difference between an information transport network and a monetary medium.
So whatever the lightning network's technical benefits, it is not part of Bitcoin's "monetary layer" and cannot be considered a "layer 2" in any other respect than a technical one which is why it's now starting to play to its own weaknesses and Visa's strengths.
Can you imagine if Duffield had designed the internet, and all those layers were stuffed into the same bloated MasterProtocol?
But he's not designing the internet. He's designing a monetary medium and doing so using monetary priorities. I know the subtle distinction is lost on the myopic techno-trainspotter species which is why you often see them posting network protocol stacks instead of monetary legacy in support of their arguments, but it exists all the same
