lkraider on nostr

Open in Damus

maxis and knotzis are getting everything wrong about the idea of centralization risk. they are being inconsistent and nothing they are saying makes any sense. L1 consensus changes, including covenant...

lkraider @lkraider 1771119374

The future security budget hinges on whether the BTC-denominated fee floor stair-steps upward across halvings. Everything else is secondary.

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The fee floor stair-step requires persistent L1 settlement demand. There are three candidate mechanisms: (1) organic settlement growth, (2) non-custodial L2 that still touches L1 broadly, (3) L1 changes that expand high-value settlement demand. Blocksize increases alone are not a guaranteed fee-floo...