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RE: Vitalik: El Salvador Law "Reckless"

in LeoFinance3 years ago

I wonder who is supposed to pay the transaction fee if you buy a loaf of bread with bitcoin.

That law is definitely problematic from a political point of view and vitalik doesn't seem like a person who would push for that law if it was about ETH instead of BTC. He might complain less about that "only one crypto" part, though.

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I havent looked close enough to see how they are actually implementing it. I would imagine they are probably using something like Lightning Network but I cant say for certain.

Posted Using LeoFinance Beta

Hi @antonym
You raise good practical questions.
Any software implementation should try to anticipate these variables. When you combine humans and code, there are suddenly exponentially more moving parts and issues. So beta implementations are built on remedying such issues.

Fortunately, the Lightning Network is an amazing piece of code, which is built to provide high speed and low cost transactions in satoshi. Thus it is purpose-built for such aa time as this.

By the way, I champion the technology, but not the coercion.

DefiGeek

P.S.
Love your name, going to your blog now.

Posted Using LeoFinance Beta