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3 sats \ 2 replies \ @DarthCoin 11 May \ parent \ on: Sunday Survey: What's the biggest problem in Lightning right now? bitcoin lightning

paper cash is instant debt settlement, totally opposite of checks.

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3 sats \ 1 reply \ @BallLightning 11 May

Yeah, that's true. Actually where I live checks were never used. I am not actually sure how they work/worked. You get a notebook from the bank, tear a page, write a payment amount on it and give it to the person you are paying to? Then he goes with this paper to the bank and they exchange it for money? Was this the system?

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3 sats \ 0 replies \ @DarthCoin 11 May

IOU - I owe you
just a worthless piece of paper that you never know if you will get the money. You are trusting 100% the words of the issuer.

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