A future where Federated e-cash mints offer interest payments to get people to store Bitcoin in their mints.

And then loaning out Bitcoin to generate revenues for the federation owners.

And the subsequent rise of a capital market in Bitcoin where the cost of capital is determined by the free market and not a central authority.

Lightning connecting all the mints with each other.

Rehypothecation emerges, punished severely by the scarcity of Bitcoin.

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