51 sats \ 3 replies \ @Undisciplined OP 22 May \ parent \ on: Is Layer 2 Bitcoin A Shitcoin? bitcoin_beginners
Good question. This is the idea that ultimately on-chain will become more of a settlement layer than a transaction layer, right?
Wouldn't this balance out on it's own, though? As demand for on-chain transfers falls it will become more affordable and people will do more of it.
Also, for the next 100+ years, miners will still earn bitcoin. That should be enough incentive, because mining costs are dynamic and market mechanisms will adjust them accordingly.
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21 sats \ 2 replies \ @riberet19 22 May
I guess so, I think the whole system will balance out as you say, it's just a question that goes around my head knowing that more and more transactions are made in L2, and since I'm not an expert in technical matters...
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10 sats \ 1 reply \ @Undisciplined OP 22 May
I'm not any sort of expert in this stuff either, so it's good for me to try to articulate my understanding of how everything works.
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21 sats \ 0 replies \ @riberet19 22 May
Thank you! I appreciate it a lot :)
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