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@ICQ 1708519736

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 for a few years, then only going to shrink

It will be a nice high security niche

Security is the # 1 feature, not losing your coins is the most important thing, grandma UX focus is high time preference distraction, global south base layer will be silly.

There is also a huge opportunity for bitcoin backed eCash affordable hardware as these are bearer tokens.

Stop designing for today.

4014❤️43🤙25💯4👀2👍2🔥2

Tristan Brice Velloza Kildaire · 122w

I am a low-time preference enjoyer

I was thinking about this yesterday The average person isn’t going to need cold storage. Simply because they won’t have enough bitcoin to justify going through the process I do agree that it will be around for a little while longer but definitely not forever I thought of it like the people w...

CitizenPleb · 122w

It’s a distinct possibility. But nothing is a sure thing.

Zoltan ⚡️ · 122w

Couldn't agree more! 🤙

nostr:npub1j8vhn4d503rrxxj04kqmm54yn2vu2axgznsls0nhy5ml75ssjzaq45u06v 👀

il_lost_ · 122w

greater than 10 million (b) or more?

Apatight⚡️ · 122w

Interesting point. Could prove a pivotal moment for applying intelligent automation to data points like mempool fees, much like a financial provider, explaining to grandma, that now is the most economical time to refill your checking account with sats. Or perhaps enough automation is built into laye...

blockdyor · 122w

The hard truth. But as BTC increases exponentially in fiat value overtime, sats/vb won't increase too much?

average_gary · 122w

satslink will be mint and client all in one. p2p devices will be epic.

Deleted Account · 122w

Will fedimints be the best practical option for plebs in the west to hold freedom money throughout the the near future, if the fee pressure continues to rise or is maintained in the few hundred Sats/vB range? I think a lot of people are struggling with the reality that their Bitcoin investment was b...

Liberty Farmer · 122w

why would hardware wallet markets shrink? I would say as fees go up and value in holdings go up, all the more reason you would move to hardware wall for signing. use as a savings account for larger moves.

I agree. The answer is in the history of ALL monetary systems, as #Bitcoin is , among other attributes, a monetary system. In ALL monetary systems from Egyptians, to Hammurabi (1700 bc) until today, good money (for centuries Gold, now also Btc) has always been hoarded and used as the best possible...

Minnaar Treasury · 122w

Any "bitcoin-backed" token is an IOU

One of us · 122w

We can call such ecash CDBA then - Custodial Digital Bearer Asset. CDBA>CBDC

Jonathan · 122w

It seems both Hayek and finney both believed bitcoin banks would be a natural progression of utxo ownership(although Hayek didn't know about bitcoin he described decentralized base money perfectly). They believed we would return to an open banking era where many different banks competed for custom...

like that you posted this to here and X separately

Charlie Crown · 122w

I agree. I’m no expert but I see a future where people get started on lightning, liquid, fedi, eCash, etc. they start getting paid, paying others, etc. then, once they've built a sizable amount of saving, they'll make the move to protect those savings on the base layer. In fiat, people can't sav...

What size stack or UTXO being transferred before one is no longer classified as a pleb?

hodlpleb · 122w

People get so offended when I say that most people will never own bitcoin, will never use bitcoin, they’ll use some kida bitcoin backed “dollar”

Yeah feels like products such as Bitkey are 4 years too late

BTC_P2P · 122w

The global south plebs who have figured out how to get Bitcoin and custody securely today are going to be such ballers though 😂🫡

The Q will be a status symbol