pull down to refresh
Lightning conceals your balance as a sender especially with 4+ hops... and it looked like the payment used Blinded Paths to reach Square.
But my 'counterparty' was custodial, and the fact I was 'there' was hardly private anyway she had never had someone ask about Bitcoin before.
Did she learn about Bitcoin? No... maybe she saw it in action. But all it tells me is that 99% of people if Bitcoin became an MoE would only know Lightning and might not know that "on-chain" even existed.
"On-chain" would become like the "sewers" underneath the city that no-one really even knows exist... except for the sewer-workers and rat-specialists basically us.
"Mass-adoption" of Bitcoin as a MoE might not be what the stackers think it is.
(Edit)
It also stands to reason imo that Bitcoin's adoption as a 'widespread' MoE and the government's treatment of Bitcoin as a 'speculative commodity' requiring the payment of Capital Gains... would eventually cause a major conflict.
"Mass-adoption" of Bitcoin as a MoE might not be what the stackers think it is.
I think mass adoption as a SoV will also not be like most imagined. It can be hard to see reality when you have a pre-conceived version of it that's so well-developed.
If people don't self-custody it... where is the sovereignty? If they don't make the transaction sort-of-kind-of themselves... where is the censorship resistance?
And so if they don't have sovereignty, and they don't have censorship resistance and they don't know what a node is or care how many Bitcoin exist and they can't verify that with their own node...
Why wouldn't an American just buy the "gold etf" they can buy that in their brokerage and 'custody' that as much as the Bitcoin ETF. Buy it sell it when it goes up etc etc...
If you can't send it to who you want... and 'own it' then just buy the 'gold etf' and that's exactly what people have been doing.
What do you think the right track would be, for that use case?