In the future, Banks like JP Morgan will issue wrapped Bitcoin coins.
These will trade on multiple fast blockchains, and will be redeemable on demand for actual Bitcoin.
It will be the new version of the "Traveller's Check".
This is how we solve the "scaling problem" on Bitcoin. Not with larger blocks.
It is one more form of #Bitcoin co-optation.
I no longer find it strange that the maxis are celebrating it.
#BTC is a banking product.
Eh. I won't say celebrate it, but it is kind of inevitable. The general public pays no attention to any of their banking, they simply don't care.
The cool thin about BTC is that it will always be there for the ones that do care.
users who want self-custody are punished by high fees. it didn't have to be this way, but the focus on lightning is creating this pressure. it costs too much to open channels. if lightning wasn't stagnating and instead growing, the costs would only rise. a different L2 wouldn't have this limitation.
