Replying to Avatar The Fishcake (nostr.build)

Question to the #bitcoin experts out there. If everyone is talking about stacking their sats into cold storage, and effectively taking it out of circulation, how is that good for #bitcoin economy, if nobody is circulating it? It might be a dumb question, so bear with me here. 🐶🐾🫡
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nobody 2y ago

This is why lightning and other L2s are important going forward for scale. BTC judges its value of L2s on their TVL’s, LN also doesnt have a BTC priced pegged coin the others and since lightening has a lot of private channels you cant really get a precise estimate on TVL but that doesn’t mean its not doing its job. Taking out of circulation for now is fine as-long as we keep the miners incentivized. Its about how we do it, when we do it and where we do it.

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The Fishcake (nostr.build) 2y ago

Thank you for a good insight! This helps me to understand it a bit more! 🐶🐾🫡

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SMS 2y ago

A bit more?!

😭🤣🤣😂🤣😭

I don’t believe that’s the case, but if that is the intention to ED…

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nobody 2y ago

This is why i didnt get the ordinals thing, why not use RSK, Liquid etc etc