Question is if it will be a medium of exchange also for micro/medium payments or only for institutional settlements.

Reply to this note

Please Login to reply.

Discussion

If it is only a medium of exchange for institutional settlements, that would mean it's custodial and a failure as peer-to-peer cash.

Not a failure, sub-optimal, yes. Custodial solutions will survive idealistic radicals as sub-optimal solutions, unfortunately

If peer-to-peer cash (Bitcoin) solves the problem of institutional gatekeepers of money, then when Bitcoin is exclusively a medium of exchange for institutional settlements it has failed.