Yes IMO. The resilience of the entire #Bitcoin system lies in its decentralization. The moment it reaches a point where you can't have a node in the hands of just anyone without significant investment, the network's security will be concentrated in a few hands and won't be as resilient. On the other hand, layer 1 is not designed for frequent transactions. If you need frequent transactions with low fees, there's layer 2 with LN (Lightning Network) and other applications that will undoubtedly emerge in the short term, or even, layer 3. Layer 1 should be reserved for long-term holding, it is the property settlement layer.
A good explanation of three #Bitcoin layers by saylor (npub15dq…lm5m)
https://youtu.be/JXdT9lQgf_Y
Zhvg / Zhivago BTC
npub19u…45rrk
2024-04-10 06:38:51
in reply to nevent1q…whj9
Author Public Key
npub19utm2h58uxynuqx30w459f056cqnl8d6qywa25n6gecahd9klk7qq45rrkPublished at
2024-04-10 06:38:51Event JSON
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"content": "Yes IMO. The resilience of the entire #Bitcoin system lies in its decentralization. The moment it reaches a point where you can't have a node in the hands of just anyone without significant investment, the network's security will be concentrated in a few hands and won't be as resilient. On the other hand, layer 1 is not designed for frequent transactions. If you need frequent transactions with low fees, there's layer 2 with LN (Lightning Network) and other applications that will undoubtedly emerge in the short term, or even, layer 3. Layer 1 should be reserved for long-term holding, it is the property settlement layer. \n\nA good explanation of three #Bitcoin layers by nostr:npub15dqlghlewk84wz3pkqqvzl2w2w36f97g89ljds8x6c094nlu02vqjllm5m \n\nhttps://youtu.be/JXdT9lQgf_Y",
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