Formerly skeptical Bitcoin fan David Marcus has some kind of kindness to Bitcoin, and says that it is exactly what the world needs.
Former PayPal CEO I took it to x On July 23rd, we will analyze the drawbacks of the current payment system. He said an approach to repairing the sector by regurgitating the centralized means of the same trade does not solve the problem. Bitcoin does it.
The Need for Bitcoin
Marcus, co-founder CEO of LightSpark, sDespite advances in technology, money transfer remains largely centralized and unattractive. He frowned at the “gust of a new centralized network,” which had better settlement tactics at the forefront, but had central control by a single company or groups of those.
Everything else fails: Marcus
Meanwhile, Marcus pointed out that. Bitcoin Previously, it was slow, costly and limited in functionality, but now we can’t say the same about blockchain. Bitcoin’s core network itself maintains an average throughput of 5-7 seconds of transactions (TPS), so it mentions that nothing essential has changed.
However, we have introduced a Layer 2 solution.Transactions on networks such as Lightning Network and LightSpark have been significantly improved.offering both speed, off-chain transactions, and cost-effective payment methods through the Bitcoin network.
Additionally, former PayPal executives have emphasized that everything else will fail or provide services to a small or professional user base in the future, but Bitcoin will withstand time testing.
“Bitcoin will become the King Interop network of all closed payment systems and wallets around the world.” Marcus has been added.
Marcus’s contradictory views on “bitcoin only” sentiment
Interestingly, Marcus singled out Bitcoin as one true open money grid of all on-chain transactions. For example, David Lach, founder of Superseed, considers it an ideal foundation for Ethereum to build, not Bitcoin.
Another user appears to have agreed to the emergence of Ethereum as an on-chain payment option. He pointed to the massive stubcoin volume of Ethereum as evidence that institutions prefer to use the network over Bitcoin.
Meanwhile, enthusiasts like Tom Lee believe Wall Street is gathering at Ethereum to harness the traction power of stubcoin and the push of institutional tokenization. But they Still visible Bitcoin as the purest form of money that exists.
