Oddbean new post about login | logout What constitutes medium amounts?
Hard to say. It's different depending on your wealth.🤔
Did you notice that LSPs are increasingly unwilling to do business in US? Makes it all the more important to enable L2 scaling with interactive, permissionless self-custody. This is what covenants are for...
That's only because fiat gov still has more power. They have to protect what they have. To sacrifice the US to be able to stick around in every country other than 3 seems reasonable to me. In WoS case.
Building an emerging technology without access to the US market doesn't seem alike a reliable recipe for success. Enabling greater scaling and privacy control on L1 to make more useful L2s so permission isn't required looks like a better option to me.
You sound like you may be American... You also can't expect every member of a battle to be on the front lines. The 3 countries are US, China and North Korea. Think about that. Like it or not America is the land of the fiat and the home of the FED