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0 sats \ 1 reply \ @SpaceHodler 18 Dec 2023 \ parent \ on: High fees: Be careful what you wish for bitcoin
Thus, L2 providers will be like a competitive banking system with private issuance, as envisioned by hard money economist George Selgin
IIRC Hal Finney envisioned that too.
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0 sats \ 0 replies \ @legxxi 18 Dec 2023
He did! Maybe what the future holds is private or state issued currencies backed by Bitcoin.
Does anyone know what’s the problem with an elastic block size by the way? Was it that we wouldn’t have a large enough block anyway assuming the whole world was bitcoinized?
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