Post
Topic
Board Bitcoin Discussion
Re: Why Bitcoin can't be just settlement layer?
by
jetcrypto
on 14/08/2018, 08:40:15 UTC
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).