Physical coins are a bearer instrument. Gold certs are a counterparty bearer instrument. LN is neither, nor were smelting costs passed along to gold cert redeemers as in LN.
L2 is an even worse dynamic, and yes, it was fatal for the gold standard.
What the chain says
- Block
- 636 776
- Time
- 2020-05-27T18:35:12Z
- Signer
- 17wiCRZuJ9GWumnjr1shRfLVzRHd5BzDiR
- App
- twetch
- Type
- post
- Content type
- text/plain
- Name in tx
- twetch#8015
Fields the transaction did not carry are omitted. Open the payload to see the bytes as stored.
Signed by
17wiCRZuJ9GWumnjr1shRfLVzRHd5BzDiR Verified