Nostr

As the price rises and demand for blockspace increases, individuals will need to rely on exchanges or custodians for longer periods before being able to take self-custody. Eventually, an inflection point will be reached where self-custody becomes economically prohibitive for most individuals.

Unless consensus changes are made, this is the path forward.

Minnaar 1y ago

And probably 99.9% of the global population does not have enough savings to afford an on-chain transaction. This leaves trusted third party custodial services or the return to silver as a bearer asset Medium of Exchange. Maybe the trusted third parties can build something that requires very low trust. We shall see

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Discussion

Minnaar 1y ago

Silver has historically served as "poor man's gold" and could re-emerge as "poor man's bitcoin"

HODLBurger 1y ago

This is already happening with all the development around the ecash / blinded federated mints. Still a trust trade off, but it's getting better, quickly.