SatsVault - Wenze on Nostr: I don't believe that the base layer will be used for mass adoption. I do think that ...
I don't believe that the base layer will be used for mass adoption. I do think that the ones that er using the base layer will have significant amounts of purchasing power that it warrants a proper security model such as multisig.
Also, multisig configurations have come a long way and are now much easier to set-up, especially with collaborative custody models.
I would rather have less people using Bitcoin and properly securing it then a lot staying with exchanges or getting lost due to security mismanagement.
Let's see what the developers can bring us in the coming years/decades to improve custody solutions :).
Published at
2024-10-06 13:30:05Event JSON
{
"id": "da26ff3207ed82fb55cad0773d1ae076ada19a7960d9f4e7230f994c5cc2cab0",
"pubkey": "ff956f3c6cb050784063c54706ae02e97d1303368b009ab241f0aec64fc2cf97",
"created_at": 1728221405,
"kind": 1,
"tags": [
[
"e",
"143362fe3673080bbe89ee720f992cb845dda3ef3f5ec9a8aa5bd0107dc4d714",
"",
"root"
],
[
"e",
"94e4f4018743550cc17dad01e49c0035c7f35ce466ee5980c8514957317de8e5",
"",
"reply"
],
[
"p",
"ff956f3c6cb050784063c54706ae02e97d1303368b009ab241f0aec64fc2cf97"
],
[
"p",
"9dd283b1bdcea8cab10a8bca1d1677f7117d3e87090a1bd401cfb21fcf9b6beb"
]
],
"content": "I don't believe that the base layer will be used for mass adoption. I do think that the ones that er using the base layer will have significant amounts of purchasing power that it warrants a proper security model such as multisig.\nAlso, multisig configurations have come a long way and are now much easier to set-up, especially with collaborative custody models.\n\nI would rather have less people using Bitcoin and properly securing it then a lot staying with exchanges or getting lost due to security mismanagement.\n\nLet's see what the developers can bring us in the coming years/decades to improve custody solutions :).",
"sig": "ccceff3ab0fbe2ae779dca0ccf661a89f316b325fe1988f013a1d0478deaad25e2cfc008c5c6d1355fe1d3cc48ed9def6754efb58b136921250c82a1295b6b59"
}