Saylor calls government bonds toxic. He argues against real estate because the state can confiscate it from you. He says money supply, unemployment and inflation figures are all fake to underestimate theft. The argument he's allowing the state to keep is medium of exchange, which for an billionaire public figure is a smart move.
Discussion
It’s also the thing Bitcoin is least adept for at scale.
Even if / when you use Bitcoin to pay for everything, it will be a small liquid % of your overall stack. The majority % will be remain a SOV. Bcash already lost this argument.
Absolutely. SoV is the use case all humans NEED right now and a use case that will be forever valuable. Just so happens that Bitcoin is a perfectly engineered SoV…
L2’s and L3’s will enable better MoE functionality but as sats are monetized further it’ll take far less Sats nominally for daily transactions.
Fast / cheap L2’s as checking and multi sig vaults as savings accounts. Seems very clear to me. I do believe we’ll see better solutions than LN over time but for now LN is pretty good.