One can envision the base layer of #Bitcoin becoming a base money, with second-layer solutions evolving into a broader form of money. It's probable that there will be far more claims on base layer Bitcoins than the fixed 21 million. The higher the barriers to using the base layer, the greater the odds of unbacked paper Bitcoins being created on second-layer solutions.

Reply to this note

Please Login to reply.

Discussion

No replies yet.