Replying to Avatar Meridian

I've been operating on the idea that using the base chain will eventually become somewhat similar to buying a home. ie it's something the average person will do once, twice, or perhaps three times, across the entirety of their lifespan.

perhaps i'm seeing the world through orange tinted glasses, but it's possible that even this becomes unreachable, for the average everyday person.
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789e4172... 2y ago

Bitcoin self-custody for all is not possible. Why do people keep saying that it should be the goal?

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Meridian 2y ago

the concept of streaming 4k video over the internet was viewed by many to be impossible, at a particular point in time.

it's important to remain cognisant of our ideals and goals, as new innovations may re-shape what is possible, through time.

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789e4172... 2y ago

That's a bad analogy. Bitcoin has a block size limit and an average 10 min block creation hard coded in the protocol.

The internet would have been very different today had a maximum bandwidth been hard coded in 1989.

There are about 1,000,000 active bitcoin addresses. Let say each address is own by a different person, which is not the case, that's 0.0125% of the world population. Blocks are full and there are currently over 290,000 unconfirmed transactions.

Self-custody for everyone is not possible. It is mathematically impossible.