10 sats \ 1 reply \ @joss1 16 Jun \ on: Sunday Survey: That percentage of your new worth is in BTC? bitcoin
Mine would be higher if I could hold the ETNs in a UK tax wrapper. UK Regulator has insisted on restricting these to 'professionals and institutions' to protect consumers from this nefarious intangible asset slow the exodus.
I guess it's time to increase my holding of BTC in the tax wrapper in my head :-)
I think it's realistic to envisage a world running 100 percent on bitcoin. Fast forward 10 - 20 years from now, everything will be tokenised, including individual workers time. This will significantly diminish the need for all forms of money, be it fiat, Bitcoin or other as the frictionless exchange of tokenised assets including an individuals tokens will be a far more efficient way to exchange value. I expect that The Bitcoin Network (leveraging taproot) will play a role in this alongside a few other distributed platforms. Bitcoin will become the universal measure of value for a disparate set of assets and Lightning will be the means to stream these in real-time.
Amazing! What a great effort. It's more comprehensive than Jameson Lopp's page and that is saying something. I'm looking forward to diving in!
Well said ToxicSara. Lightning certainly isn't perfect but things are developing pretty quickly for the world of payments.
Coming from the traditional payments world, I see strong parallels with the Real-time Gross Settlement Systems (RTGS) such as CHAPs and Real-Time Payment Systems like Faster Payments in the UK. The former settles a similar volume of transactions to Bitcoin each day a few hundred of thousand) whereas the latter clears millions of payments a day but only settles on a deferred net basis three times a day via CHAPs.
We just need to be more economic with the on chain settlement and the multi-layered system with then scale!
GENESIS