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As the fees go up, ppl realize that bitcoin base layer is only for wire-transfer-like economical transactions. Plebs will be priced out. The bitcoin hardware wallet business is still going to grow fo...

Minnaar Treasury @Minnaar 1708531128

Any "bitcoin-backed" token is an IOU

2

An IOU that is also a bearer asset/token. Physical cash vs numbers on a screen. They can both be IOUs but only one is a bearer token. Same idea with ecash if i’m not mistaken

FullNettleBitch · 122w

agreed. although when they go to roll up to the base layer, the result will be unforgiving if they've been mucking around with the IOU's