Global Feed Post Login
Replying to Avatar ᴛʜᴇ ᴅᴇᴀᴛʜ ᴏꜰ ᴍʟᴇᴋᴜ

well, in those days the payment use case was more viable due to the relatively low transaction demand thus the expensive use case, payment, was viable

this is now becoming unviable and shitcoinery is making it more unviable, but we have LN and ecash to help shift payments off chain without weakening the security of the base layer

Avatar
ᴛʜᴇ ᴅᴇᴀᴛʜ ᴏꜰ ᴍʟᴇᴋᴜ 1y ago 💬 1

in this respect, bitcoin's evolution is a bit different from most kinds of commodity money because it is also an accounting system

Reply to this note

Please Login to reply.

Discussion

Avatar
Laeserin 1y ago

nostr:nevent1qvzqqqqqqypzqnyqqft6tz9g9pyaqjvp0s4a4tvcfvj6gkke7mddvmj86w68uwe0qqs2xzp3j2pmlnn6956kwtymz6gt0tlux8t2k9jmfyslvlx48r9j3cqjp465s

Thread collapsed
Avatar
Hazey 1y ago

Words and analogies used to describe bitcoin come from a pre-bitcoin era and are therefore inherently lacking.

Thread collapsed