Q We spoke about kind of the speed there, and the better tech. One of the largest problems for Bitcoins was the issue of scalability. How do you think about this with regards to Litecoin, and then how does that really compare to Bitcoin and Ethereum?
A The problem Bitcoin has with scalability is that it's a trade-off between Between decentralization and scale. So to some people think they think that increasing block size is the simple solution. You just increase the block size and you can have twice or eight times more transactions in the block. But by increasing the block size, you are causing Bitcoin to be more centralized because it will be harder for people to run nodes. So it's a trade off. Developers of Bitcoin and I all agree that Bitcoin really needs to err on being the most decentralized cryptocurrency out there and scale slower. Or a scale off chain using layer two technologies like Lightning Network. On the other hand, for Litecoin, we can find a different kind of sweet spot between decentralization and scale. So Litecoin has four times the block space of Bitcoin, so it's a little bit more centralized, but it can have a lot more transactions in the blocks, and it can scale better.
AI assessment note: “for Litecoin, we can find a different kind of sweet spot between decentralization and scale.”