Replying to Avatar Meyer

Because history has shown us that you cannot scale a single protocol to 8 billion people on the base layer. Would bet a good amount of satoshis that some shitcoin called kaspa is not going to magically scale to the entire planet

This whole fantasy that people are not going to use custodial solutions is comical.

The key is we have options and keep the options open to allow people to self custody and be sovereign if they want to put in the work
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Lucky Kite 1y ago

What would be the point in custodial bitcoin? One of the main reasons bitcoin was invented is to have a private, decentralised, non custodial digital currency that doesn't depend on centralised companies like visa/paypal. WHy would anyone buy bitcoin and use coinbase instead of just using paypal, other than for asset speculation purposes?

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Meyer 1y ago

You ask these questions but then promote a shitcoin like Kaspa…

I don’t promote custodial solutions but you live in a fantasy world if you don’t think that a global money will not have some people using it with trusted custodians. I won’t hold my bitcoin with custodians but I am not going to bash people that choose to do so.

The key is that everyday people can “choose” to opt out and take their bitcoin into self-custody with relative ease.

The point of Bitcoin is to fix the money. That means different things to different people. Bitcoin is winning and will continue to win. Your shitcoin will continue to trend to zero against Bitcoin