These are all good questions. And yea not certain that L2 completely fits but it’s something like that. It is true that Bitcoin ultimately relies on the security guarantee of intelligent beings existing in meat space to run the code and keep the lights on and ascribe value to it. If earth blew up Bitcoin would be gone just like if Bitcoin breaks lightning breaks. They both are dependent on the L1.
Earth being a single point of failure is problematic. Would be more interesting if and when we get to a place where bitcoin or its descendant is running in many solar systems.
But then the Milky Way galaxy is a single point of failure.
Inter galactic bitcoin may be the thing that truly transcends physical limitations.
It’s possible that thing already exists and earth’s wimpy bitcoin blockchain is akin to some dude running a bitaxe hoping to get lucky in the inter galactic hash wars
royster / royster⚡️🌲🌽🗽
npub1x3…2mh3r
2025-06-02 23:46:39
in reply to nevent1q…v9zx
Author Public Key
npub1x3w5ty7cdrcznw4nn3ylexc35as3ky953fj7s9gns8f3zklajhdsl2mh3rPublished at
2025-06-02 23:46:39Event JSON
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"content": "These are all good questions. And yea not certain that L2 completely fits but it’s something like that. It is true that Bitcoin ultimately relies on the security guarantee of intelligent beings existing in meat space to run the code and keep the lights on and ascribe value to it. If earth blew up Bitcoin would be gone just like if Bitcoin breaks lightning breaks. They both are dependent on the L1. \n\nEarth being a single point of failure is problematic. Would be more interesting if and when we get to a place where bitcoin or its descendant is running in many solar systems. \n\nBut then the Milky Way galaxy is a single point of failure.\n\nInter galactic bitcoin may be the thing that truly transcends physical limitations. \n\nIt’s possible that thing already exists and earth’s wimpy bitcoin blockchain is akin to some dude running a bitaxe hoping to get lucky in the inter galactic hash wars ",
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