Replying to Avatar SatsAndSports

> If this happens, Bitcoin stops being transactional; it's just a "hard asset"

We all know Bitcoin is *the* hard asset. Gradually, more of the world will realise this. When merchants realise this, they'll want to collect Bitcoin as it's the store of value

Then, merchants will actually push for it to be used in payments, when they see all the other advantages: lower fees than Visa/MasterCard, instant settlement, no chargebacks

When most of the world wants Bitcoin, many transactions will be where both sides have Bitcoin. And then paying via bitcoin will be natural
Avatar
SatsAndSports 4mo ago

And I'm not really worried about the custodial options. Bitcoin is permissionless, which means we can't stop custodial solutions.

Our priority is to make self-custody safer and easier. As long as we keep doing this, including more great things like cashu, and the number of self-custodying users increases relentlessly, then the custodial users will gradually transition to self-custody.

I just orange-pilled a friend, who's doing lots of research now, and my friend didn't even know that self-custody was an option.

Reply to this note

Please Login to reply.

Discussion

No replies yet.