If Bitcoin ossified now, what would self-custody look like in a hyperbitcoinized world? Would it even be an option for all users?
I'm pushing back against the argument that we should accept that the Bitcoin protocol is ossified in its current state. https://www.forbes.com/sites/digital-assets/2023/03/18/should-we-be-worried-about-bitcoin-ossification/
Discussion
Not great. It's currently too cumbersome to distribute a billion UTXOs to individuals.
I agree and find it slightly unsettling. Bitcoiners love to preach "not your keys, not your coins" and rightfully so, the ability to self-custody is liberating.
But what about users that adopt Bitcoin later on on the adoption curve? Do they not get the same digital property rights as early users?
I'm not very technical but would gladly support development on projects thinking about this problem. Any recommendations?
It is also impossible to open billions of Lightning channels. How can we offer self-custody to everybody who wants to self-custody?