Bitcoin is ready to be the global unconfiscatable value trasfer
You are telling yourself right now this guy is a dumb ass and have not clue how the Bitcoin network works. I will say you are correct and wrong at the same time. The form the I will explain will take different form that most Bitcoins Maxis will hate and my answer is Bitcoin don’t care about how it should be use or not use it only care to comply with their network protocol rules.
This is how I see the future of Bitcoin as global money and it is ready right now.
Definitions for this Note
1.Layer 2 is side chain or federation
2.Payment system in this case will be lighting.
1. Base Bitcoin Layer this will replace Fedwire
2. Layer 2 (Example use will be Liquid Network) replace bank (SWIFT system)
3. Lighting Channel on top the Liquid Network replace banks checks and wire
4. Fedimint eCash replace debit cards, Visa, Amex and cash.
This is the reason I have for the above setup.
Example using the 80/20 rules.
Population for the example is 10B people We are close to 9B right now.
10B using Fedimint eCash is possible and the technology is ready.
20% will migrate some funds to Liquid Network Lighting that is 2B the technology can handle it.
20% will migrate some funds to the Liquid Network that is 400M the technology can handle it.
20% will migrate some funds to the King Bitcoin Base Layer that will be around 80M people and base bitcoin can handle it.
I know everything can change and will change. Bitcoin will have another hard-fork I say this because I been readying about how bitcoin is not fair trust me socialist will fight harder and harder as bitcoin suck the economic energy from Fiat money printers.
In the Youtube video from Bitcoin University title: Should We Recycle Lost Bitcoins?
Those ideas only come from a socialists and some of them are already in Bitcoin remember Bitcoins is the money for your enemies. It can be use for good by mother Theresa or evil by Hitler. If the follow the Bitcoin Protocol rules their transaction will pass.
I agree, remember most people who understand the value of NOSTR are freedom-minded. That is why the first wave of users are Bitcoiners.
My no-coiner friend was looking for a better podcasting app, so I installed Fountain on his phone. He is super happy about it and without any knowledge, he is using NOSTR.
Oddbean new post about login | logout
Notes by laguz | export