X @Nick Szabo

RT Nick Szabo (@NickSzabo4)Without disagreeing with the ideals of decentralization-for-all and trustlessness in a perfect world, one must also deal with computer science reality. Back in the day Hal and I envisioned layer 2s as centralized banks issuing Chaumian cash (which is a centralized protocol). That was the best we could think of for layer 2s back then (i.e. between 1998 and Satoshi). Computer science seems to impose major limitations for what we can do at layer 1, although there are some protocols t ...