Replying to Avatar DETERMINISTIC OPTIMISM 🌞

You don't have to choose between Bitcoin as Store-of-Value and Digital-Cash.

Fighting SOV bitcoin is like fighting water. Bitcoin is a central bank replacement. It's the only non-counter-party thing you can really own.

The Mempool is sub 5sat/vB, it's cheaper right now to send L1 sats than anything else.

So why don't people send it?

NgU and Gresham's Law will work against bitcoin as Digital Cash until people don't have any other garbage to spend first.

Natural incentives hold bitcoin from being used as digital cash not narratives.

Keep building the Digital Cash tools, eventually there will be nothing else to spend but bitcoin.
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sister_sam 11mo ago

I trust you are using "bitcoin" as general for crypto as you can own many types of crypto without counter-party risk. Artificially short blocks are NOT natural incentives IMHO or due to them unless the goal was to make it unusable as digital cash replacement.

Nor is a 100% trackable "digital cash" at all a boon. It would make a pretty awesome base for a CBDC though once governments gained control of block validation.

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onthephone 11mo ago

Not enough rockets for this!

You are not alone!