kineticfinance on Nostr: Great take. We know not everybody will be able to self-custody - Bitcoin on layer 1 ...
Great take.
We know not everybody will be able to self-custody - Bitcoin on layer 1 cannot even support everybody who has a cellphone to make 1 self custody transaction per day.
What is important is that people understand that somebody around them can still verify, spend, and interact with the base layer - and that those people serve as the hubs and guardians for ensuring the layer 2s are not perpetuating fraudulent bitcoin
We know not everybody will be able to self-custody - Bitcoin on layer 1 cannot even support everybody who has a cellphone to make 1 self custody transaction per day.
What is important is that people understand that somebody around them can still verify, spend, and interact with the base layer - and that those people serve as the hubs and guardians for ensuring the layer 2s are not perpetuating fraudulent bitcoin