People sometimes like to compare layer-scaling of Bitcoin to the layers that make up the internet and web (TCP/IP, etc) The problem is that proof-of-work and bearer assets are not digitally portable in the way that digital data is. They are chain-locked. On the web, data is
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@Bill_Fowler_ Weird that they would add something totally fake and totally useless and then denominate the whole protocol in it.
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@BitcoinErrorLog If the redemption procedures are technologically solid and immutable, I don't think you have a problem with trusted credit. With gold the redemption procedures were defined by the law, and laws can change as we all learned.
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@MGlycinate In the end, it will be your counterparty that limits the requirements of settlement, not any one protocol.
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