Replying to Avatar DETERMINISTIC OPTIMISM šŸŒž

As the fees go up, ppl realize that bitcoin base layer is only for wire-transfer-like economical transactions. Plebs will be priced out.

The bitcoin hardware wallet business is still going to grow for a few years, then only going to shrink

It will be a nice high security niche

Security is the # 1 feature, not losing your coins is the most important thing, grandma UX focus is high time preference distraction, global south base layer will be silly.

There is also a huge opportunity for bitcoin backed eCash affordable hardware as these are bearer tokens.

Stop designing for today.
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Minnaar 1y ago

Any "bitcoin-backed" token is an IOU

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DRE 1y ago

An IOU that is also a bearer asset/token.

Physical cash vs numbers on a screen. They can both be IOUs but only one is a bearer token. Same idea with ecash if iā€™m not mistaken

e9
FullNettleBitch 1y ago

agreed. although when they go to roll up to the base layer, the result will be unforgiving if they've been mucking around with the IOU's