Replying to HODLÉire🇮🇪

Yeah I do mean shit coin as in the autistic trusting way. The benefit is the btc denomination. Could argue some other networks Monero or whatever are more decentralised and secure than liquid for example.

I guess the trust trade offs are, is the opendime worth anything if it isn’t redeemable on chain if below the dust limit say? Fair enough it’s verifiable so I get you there.

Have tried blitz. I like the ux. Ultimately I’d like the focus to stay on allowing as many to self custody as possible that’s the biggest benefit to humanity. Keeping as much wealth outside the existing system as possible in my opinion.
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Daire 11mo ago

Using Monero isn’t really an option long term as everything will eventually migrate to Bitcoin. Eventually the incentives (how long that will be idk) to run or use monero at all wont be there. Every use case will migrate to Bitcoin

I agree with your sentiment of prioritising self custody now over everything. I do the same. Blitz and open dimes are fun to play around with it as of now. It’s hard to predict how much sats you should keep on an open dime at this time but I think they’ll definitely have some use case as a sort of “physical bitcoin”.

We are so early so any of my pontificating is mere speculation. Nonetheless I do see Blitz and Opendimes, or some versions of them being integrated into them future btc world !

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HODLÉire🇮🇪 11mo ago

Yeah I suppose the rest we talk about is speculation but glad priorities are aligned on self custody. Hopefully we’ll have self custody for anyone who wants it forever💪🏻