Post
Topic
Board Bitcoin Discussion
Re: Bitcoin is a revolutionary currency but a fairly inefficient payment network
by
Wind_FURY
on 19/10/2016, 02:34:08 UTC
Yes, bitcoin is a near perfect currency on the on-chain settlement layer but very inneficient as payment network, since it can't scale on-network, therefore it will need offchain solutions like lightning network and such.

It is inefficient because also of all the energy used in proof of work. For now I am on the side of the smaller blocks + looking for off-chain transaction solutions. They must exhaust all possible avenues in finding a solution before the core developers make their own implementation of a hard fork.

Quote

franky1 incoming in 5....4....3....2....1.....

Is franky1 a big blocker? I assumed he was neutral and was open to both sides of the argument.