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There are many ways, facilitating coinpools allows people to make small tradeoffs wrt custody (though essentially maintaining self custody just with more hoops if something goes wrong) but not have to deal with L1 issues.

If you don't go down the covenants pathway then reality kicks in and either people are paying a fortune for onchain TXs or just using third party custodians for everything.

Bryan 2y ago

What’s wrong with federated side chains like liquid? At this point the federation is more decentralized than the bitcoin hash rate (somewhat joking obviously).

I have almost conceded that “the masses” will not embrace bitcoin. Just like most people, literally 99% of the world, could care less how the fiat system works.

We need the optimistic builders and visionaries to embrace bitcoin. The mainchain will still have a much greater wealth distribution than the current global fiat systems. This applies even to nation states.

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