kineticfinance on Nostr: Great take. We know not everybody will be able to self-custody - Bitcoin on layer 1 ...
Great take.
We know not everybody will be able to self-custody - Bitcoin on layer 1 cannot even support everybody who has a cellphone to make 1 self custody transaction per day.
What is important is that people understand that somebody around them can still verify, spend, and interact with the base layer - and that those people serve as the hubs and guardians for ensuring the layer 2s are not perpetuating fraudulent bitcoin
Published at
2024-11-04 20:24:52Event JSON
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"content": "Great take.\n\nWe know not everybody will be able to self-custody - Bitcoin on layer 1 cannot even support everybody who has a cellphone to make 1 self custody transaction per day.\n\nWhat is important is that people understand that somebody around them can still verify, spend, and interact with the base layer - and that those people serve as the hubs and guardians for ensuring the layer 2s are not perpetuating fraudulent bitcoin",
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