This list might not be complete but let me try. I hope I do not mess around
L1 - settlement layer, utxo on Bitcoin blockchain
L2 - lightning, liquid, whatever bitcoin that is locked down on L1 and might be redeemed by user. I know there are differences
L3 - ecash which can be minted/ redeemed on some L2 bitcoin
L4 - paper bitcoin, custodial like on exchanges, custodians, ETFs
I do not think this list is complete but I would like to make a point that bitcoin as a form of money may be used in many ways. The way/layer you use depends on availability and purpose. One might have utxos in cold storage as long term deposit, pay for goods/services with lightning, sent ecash to family and friends, buy ETFs for official retirement account, gamble on exchange with options.
Average Li somewhere in south east Asia might be using custodial government approved lightning wallet and still get better that using devalued currency which is nit accepted anywhere outside his country.
dshf
npub1vn…kylzx
2024-11-25 12:25:57
in reply to nevent1q…eev8
Author Public Key
npub1vnp047ge2zual8r3nngzc4ttyzanawd96qf0af4g3n3v6v2akjtqjkylzxPublished at
2024-11-25 12:25:57Event JSON
{
"id": "0055fc7fad03c816105076a5c82454fe51941b54d1d5dc56d353ec713a55bbbb",
"pubkey": "64c2faf91950b9df9c719cd02c556b20bb3eb9a5d012fea6a88ce2cd315db496",
"created_at": 1732537557,
"kind": 1,
"tags": [
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[
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"content": "This list might not be complete but let me try. I hope I do not mess around\n\nL1 - settlement layer, utxo on Bitcoin blockchain\nL2 - lightning, liquid, whatever bitcoin that is locked down on L1 and might be redeemed by user. I know there are differences\nL3 - ecash which can be minted/ redeemed on some L2 bitcoin\nL4 - paper bitcoin, custodial like on exchanges, custodians, ETFs\n\nI do not think this list is complete but I would like to make a point that bitcoin as a form of money may be used in many ways. The way/layer you use depends on availability and purpose. One might have utxos in cold storage as long term deposit, pay for goods/services with lightning, sent ecash to family and friends, buy ETFs for official retirement account, gamble on exchange with options. \n\nAverage Li somewhere in south east Asia might be using custodial government approved lightning wallet and still get better that using devalued currency which is nit accepted anywhere outside his country.",
"sig": "6b0c29a2737775bc4e966befa7aa5af187ea81a50352c1f9301adfb7d5d6cfa51a95c5bd3af4c1d4bc92efd39dbf8e4d70ecef559f649b8d16451e2f8c865494"
}