Re:The senatorial governance of Bitcoin: making (de)centrali...
by bduerst on Thursday January 09, 2020 @01:29PM
(#22003938)
Bitcoin will not accept a settlement if the wallet no longer has funds.
Banks throwing away checks is not a problem. Bouncing checks are a fraud problem, which is why most everyone have moved on from using checks is many situations.
Lightning's solution is to just 'watch' everyone you do transactions with, which is a lazy, non-viable solution analagous to continuously watching an anonymous stranger's bank account when they write you a check.
Banks throwing away checks is not a problem. Bouncing checks are a fraud problem, which is why most everyone have moved on from using checks is many situations.
Lightning's solution is to just 'watch' everyone you do transactions with, which is a lazy, non-viable solution analagous to continuously watching an anonymous stranger's bank account when they write you a check.