transaction output (UTXO) set will be at least 4 x 109 x 5 x 50 bytes = 1 TB in size. Unlike the blockchain which can be pruned, nodes require the full UTXO set in order to validate
I've heard of "channels factories". That would lower the size needed on the blockchain by 90% to open channels. Is what you say is true with those kinds of improvements too ?
How much can you tip? Who controls this faucet? How would you know how much is in the faucet? How much do new users need and get? When does the support end?
That's not Bitcoin (or you are talking about storing stuff on chain). Bitcoin as a payment system removes only one middleman : visa, etc But correct me if I'm wrong, I'm curious
I don't understand how Bitcoin can be "1-2 orders of magnitude better than the legacy system". You pay less fees, ok, more privacy, ok, but that's not 1-2 orders of magnitude
What's the point if you don't store all the reputation on chain and rely on a third party to do so ? Nobody cares about storing id, it's about storing reputation Miners can stop that
I believe this is what Metanet is trying to do and that bch is meant to be p2p cash not a storage thing Uber/Twitter deals with a lot of data. You can't easily store them all on bch