From open source experiment
To "drug money"
To "Tulip bubble"
To "sanction bypass"
To "old tech"
To "too big to ignore"
To the most successful ETF launch in tradfish history.
To possibly a global reserve asset?
But not optimized for on-chain coffee purchases, so failure.
What’s really funny is that literally no blockchain is optimized for on-chain coffee payments at scale. It’s a global broadcast layer auction house for transactions. It literally cannot have reliably/consistently low fees at scale. And IF it’s a trusted, incorruptible global money for settlement, the idea that it won’t price out small retail - literally even with 100MB blocks - is so astonishingly ignorant toward the size of the transaction volume vs value problem on even the most basic level that it’s crazy.
Like using the railroad network for the last mile delivery of your 5 lb Amazon package. Just need to increase the track length to keep the fees low 😂.
