Subnostr

GM nostr ☕ #coffechain #bitcoin

I'm not technically proficient, so please shoot this down.

But how does Bitcoin incentives play out if most users (in the future) are not doing transactions on-chain?

The blocks are small, great. But why even run a node if you are operating on Layer 2,3 ?

And another thing I've been thinking about:

What will happen to the ethos of Bitcoin, the cyber hornets, the keepers of the flame, if Bitcoin continues it's financialization?

Even with hyperbitcoinization, in a 100 years will there be those who run their own node just for the principle of it, or will noderunners increasingly become financial institutions?

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Discussion

TNStacker 2y ago

GM ⚡☕🧡

If #bitcoin is the reserve asset, the node runners are the financial reserves system. The payment system and media are being developed - LN, Cashu, etc. Not everyone will run nodes. Most people's eyes glaze over when you talk money and finance. That won't change rapidly.. Most will just have spending wallets with their assets and savings on another's node. It's why the institutions are rushing in.

We are so effing early!

Stack sats, stay humble

Bitkini 2y ago

Gm🧡

Afolabi ⭐⚡♋ 2y ago

GM #nostr next time you put the tag #asknostr. Then someone knowledgeable will answer your question.

The ₿itcoin Artist 2y ago

Yeah, good tip 👍

Robertrobert 2y ago

GM☕️🎄🤔