BLUESKY on nostr

Open in Damus

@BLUESKY 1684702387

There won't be even close to a UTXO per person in the world

Making "easy" bitcoin custody tradeoffs instead of security is high-time preference

When you stretch this out, even LN is pushing it

"Most ppl's wallet" will likely be some bitcoin based ecash tokens

8 billion ppl, and growing. transacting everyday, with the lowest friction money known to man, hundreds of personal transactions a day, trillions of b2b micro transactions, billions of market trades, trillions of zaps...

Think longer term. A Sat will be worth much more than you think.

Keep it safe not "easy"

2813❤️25🤙33

I agree with you. There will ‘never’ be 8 billion UTXOs. But is it good that mathematics exclude most of the world from ever owning a true bitcoin UTXO as opposed to a bitcoin derivative? I know NVK, same story for a decade now. But it still worries me. Primarily because the future is so un...

nostr:note1sqh89jqlsppjtv83gy5tehj06944z783jzph53flqpr5r29uacpquwmeq5

Mark E. Jeftovic · 158w

Do you ever worry that in a world where hyper-bitcoinization occurs, money velocity would drop to zero?

https://nostr.build/i/e9c003cf7609f1330d5a48350e178626e4936d8581f49d4cbb1118ef9d67203e.gif

https://i.nostrimg.com/d597596bc2ac726621c649a700ed875c1c249aeed2b0d1bb744c9faa61384ccc/file.jpg Sats will be worth much more than you think nostr:nevent1qqszqr9jv3u4phlu3zepfjs0sr8l7ftmt6j3t637cqrhzr6vc2spwmgpz4mhxue69uhhyetvv9ujumn0wd68ytnzvuhsyg8g3f53axxenp7fv3fpmlmqqf0kquqr0zjg0yvqmjamffgz0pg...

Im going to figure out a cold storage when I finally manage to earn the famous 250k sats ration per each of my family members.

“A Sat will be worth much more than you think.” This breaks a lot of arguments. People don’t consider the imminent hyperbicoinization

UNLICENSED MONEY TRANSMITTER · 158w

isn't it leads to the same reason that gold centralized eventually? i think it'll be reasonable to raise block-size periodically in the future after a pronounced fee market materialize and basic hardware allows much more

I’ll still zap that

Why is it that lightning can't expand sufficiently? I don't understand what the practical limit is. If, in a few years, we have a $25 totally-automated, plug-in-and-forget it node for every household, why can't lightning be as fast and useful for everyone as it is for those of us using it now?

kidwarp · 158w

1 sat ≈ $1 at least

I would love to hear a detailed explanation why not everyone can have a utxo. Is it a protocol limit? I think I have 20 now myself, after some management to prepare for high fees.

nostrich · 158w

can we later easily allow fractional sats?