42 sats \ 4 replies \ @03365d6a53 4 Jul 2023 \ on: Bitcoin transaction processing rate after hyperbitcoinization bitcoin
nobody will be using on chain except big businesses and governments
we'll have to trust fedimints, ASPs, and custodians
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21 sats \ 3 replies \ @tulun OP 4 Jul 2023
Does it not eliminate a major part of what we want to use Bitcoin for?
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42 sats \ 2 replies \ @03365d6a53 4 Jul 2023
depends what you mean by, "what we want to use bitcoin for"?
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0 sats \ 1 reply \ @tulun OP 4 Jul 2023
well, here - primarily the personal control of one's own funds and not relying on any structures like those currently named banks. Of course we still keep some of the Bitcoin virtues even though (no inflation), but still
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10 sats \ 0 replies \ @03365d6a53 4 Jul 2023
layer 1 doesn't scale for personal use (unless you are rich / an early adopter)
I'm also keen to know more about technologies / solutions for securing sats on L2
Liquid is one option. community fedi is another.
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