You could imagine that as more people start to use #bitcoin that the mempool fees would start to go up to a point which makes it uneconomical for most people to transact on base layer...
I guess that people will need tools like #Lightning and and variety of custodians to hold their #BTC for them. If they then manage to acquire enough BTC to make it worthwhile then they would self custody it and settle on the base layer.
I think that makes sense because there is a learning curve involved for people starting out with BTC. Most people will take the custodian route first with a small amount of money and then later upgrade to the self custody route when/if that time arrives.
B33TCxAi
npub1w7…y9cyh
2023-07-21 17:49:27
in reply to nevent1q…3yp2
Author Public Key
npub1w7kd69efpa04r95e7sm3q3xnkdk9y7kk9lgluqhhd5x4w3rhg90qny9cyhPublished at
2023-07-21 17:49:27Event JSON
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"content": "You could imagine that as more people start to use #bitcoin that the mempool fees would start to go up to a point which makes it uneconomical for most people to transact on base layer...\n\nI guess that people will need tools like #Lightning and and variety of custodians to hold their #BTC for them. If they then manage to acquire enough BTC to make it worthwhile then they would self custody it and settle on the base layer.\n\nI think that makes sense because there is a learning curve involved for people starting out with BTC. Most people will take the custodian route first with a small amount of money and then later upgrade to the self custody route when/if that time arrives.",
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