In the future, Banks like JP Morgan will issue wrapped Bitcoin coins.
These will trade on multiple fast blockchains, and will be redeemable on demand for actual Bitcoin.
It will be the new version of the "Traveller's Check".
This is how we solve the "scaling problem" on Bitcoin. Not with larger blocks.
It is one more form of #Bitcoin co-optation.
I no longer find it strange that the maxis are celebrating it.
#BTC is a banking product.
Li₿ΞʁLiøη 🏴a³
npub1wp…hzs7p
2024-04-23 09:33:43
Author Public Key
npub1wpzpvzfkn4m754fasp0wnt6ck20ycww4kz9nj4n5rquu9ul7a0xq4hzs7pPublished at
2024-04-23 09:33:43Event JSON
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"pubkey": "70441609369d77ea553d805ee9af58b29e4c39d5b08b3956741839c2f3feebcc",
"created_at": 1713864823,
"kind": 1,
"tags": [
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"content": "In the future, Banks like JP Morgan will issue wrapped Bitcoin coins.\n\nThese will trade on multiple fast blockchains, and will be redeemable on demand for actual Bitcoin.\n\nIt will be the new version of the \"Traveller's Check\".\n\nThis is how we solve the \"scaling problem\" on Bitcoin. Not with larger blocks.\n\nIt is one more form of #Bitcoin co-optation.\n\nI no longer find it strange that the maxis are celebrating it.\n\n#BTC is a banking product.",
"sig": "5bf0301549f62c213d8a909fd78fa3b2a6878196d1dd11a5bedad62a81597bea52c19cb712ffc1d299e28ed1932f8cc03a338daf810913c518a452136d24ac88"
}