Re:Binance Acquires FTX
by EVa5I7bHFq9mnYK on Tuesday November 08, 2022 @12:44PM
(#33521833)
Indeed, all Bitcoin blocks today are full. There is no physical possibility to withdraw all those funds. That's why Binance must implement Lightning deposits/withdrawals, like Kraken did.
[ Parent
| on HN ]
Adding L2 chains to this equation dumps the frying pan into the fire. We don't need more points-of-failure, it's bad enough as-is.
Re:Binance Acquires FTX
by EVa5I7bHFq9mnYK on Tuesday November 08, 2022 @04:19PM
(#33524450)
Inability to process more than 5 tx a second for entire world is a major point-of-failure that L2 chain cures.
Re:Binance Acquires FTX
by kinakomochidayo on Wednesday November 09, 2022 @11:44AM
(#33534191)
Should’ve just increased the blocksize, instead of implementing some crap L2 solution.
Re:Binance Acquires FTX
by EVa5I7bHFq9mnYK on Sunday November 13, 2022 @06:42AM
(#33582141)
Thats the same as to say: let's buy a couple more servers rather than replace bubble sort in our code by qsort.