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0 sats \ 5 replies \ @Lux 11 Jan 2024 freebie \ parent \ on: ETFs are just a custodial layer 2 bitcoin
The point is that neither exchanges are layer 2's.
Recently Liquid and Tether are called layer 2, it just rubs me the wrong way, because it's not true.
In your opinion what is a layer?
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Anything built upon the base layer, the timechain, that facilitates Bitcoins function, respecting the consensus and purpose
Peer to peer electronic cash system
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Yeah, I see what you are saying... I am updating my thinking. May write a retraction lol.
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I'm glad I can be of help, no hard feelings
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Of course.
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