Oddbean new post about login | logout The status will come automatically because they will be the bankers. They have the majority of the money and get to decide who gets some.
If we end up situation like that, Bitcoin has failed.
Most people won't be able to do on-chain transactions. It's probably already that way, in fact. Even if you have sats, you need someone to help you move them, and they can charge a fee.
That's simply not true. Everybody who''s able to have access to computer or mobile phone is "able" to do on-chain transactions, that's the whole point. I understand you mean that not everybody can afford to do transact on-chain, but there's really importany nuance here. Not affording to do something it's very different than "being able" to do something.