As long as all that shitcoining is off our chain it doesn't matter. None of that matters even a little bit.
You can take out loans against Bitcoin, all that happens is you get wrecked. You can wrap ...
"Honey badger don't care" seriously try not to make people cringe if you want to be taken seriously.
You've fundamentally missed the point here. Vlad is spelling out an inevitable future if fundamental and significant improvements aren't made to L1 and Lightning Bitcoin. You WILL see more TVL on these defi chains and you WILL see more custodial scaling solutions like CEXs and custodial wallets.
It's happening at an exponential rate already, look at the transaction fee chart compared to price, largely stagnant. We saw 0.5 sat/vbyte transactions getting confirmed in the first block. The L1 is getting used less and less. The biggest innovation this year for "adoption" was square terminals acting as a lightning accepting KYC, custodial wallet.
What's your solution? Or do we not even have a problem here?
You've fundamentally missed the point here. Vlad is spelling out an inevitable future if fundamental and significant improvements aren't made to L1 and Lightning Bitcoin. You WILL see more TVL on these defi chains and you WILL see more custodial scaling solutions like CEXs and custodial wallets.
It's happening at an exponential rate already, look at the transaction fee chart compared to price, largely stagnant. We saw 0.5 sat/vbyte transactions getting confirmed in the first block. The L1 is getting used less and less. The biggest innovation this year for "adoption" was square terminals acting as a lightning accepting KYC, custodial wallet.
What's your solution? Or do we not even have a problem here?