niltempus on Nostr: what are the incentives driving layer 2 hyper adoption? How do they not lead to paper ...
what are the incentives driving layer 2 hyper adoption? How do they not lead to paper bitcoin and a fractional reserve system when channel/mint operators lower fees to gain a competitive advantage? They will game the system and 99% of plebs won't care about holding their own keys or afford to pay L1 fees for everyday transactions. People won't care or understand L2 risk until they get rugged in a mint run or get censored.
Published at
2024-07-02 10:54:52Event JSON
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