Replying to Avatar UNLICENSED MONEY TRANSMITTER

retail normies were never going to buy bitcoin for these prices, unit bias is too powerful over the NPC mind ("if I can't have 1 it's not worth it"). that's why they created ETFs - to bridge the gap from BTC to sats

eventually everyone will be using sats without knowing how they got there, like with all technological shifts

in the meanwhile, bitcoin got some more leeway to improve self custody - tools, payments infra, scale, protocol improvements. the ETFs help to cover up the current embarrassment
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stackatoshi 2y ago

embarrassing is a bit harsh imo. also full self-custody will never ever scale so I think we just need to accept that

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UNLICENSED MONEY TRANSMITTER 2y ago

there's no reason why self custody won't scale to 100s of millions through coin pools

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stackatoshi 2y ago

If you cannot withdraw your funds on-chain because the fees are too high relative to the number of sats you own, are you really fully self-sovereign? No scaling solution can get around this limitation.