Ian on Nostr: GM, here is what's going to happen: (1) Global merchant acceptance of stablecoins. ...
GM, here is what's going to happen:
(1) Global merchant acceptance of stablecoins.
--> 2-3% immediately back to their bottom-line while preserving their need to denominate value in their preferred unit of account (for the time being).
(2) Smart merchants invest that 2-3% cost saving to establish a BTC treasury.
(3) Other chains fail to adequately scale payments to a global level. Extinction-level cope event as everyone realizes with horror that payment channels were right all along.
(4) All stablecoin payment activity migrates to the Lightning Network via Taproot Assets. No bridges, no sidechains, no fake "L2s", just native Bitcoin.
(5) A covenants upgrade goes live on Bitcoin mainnet. Channel factories and various other approaches like what we're building at Joltz scale self-custodial usage of the Lightning Network. Cope levels are now unbearable. Broader crypto community rage-quits hit all-time high.
(6) By now, those smart merchants are reaping the benefits of their decision and as a result are systematically destroying their less smart competitors in the marketplace.
(7) Survival of the fittest prevails; merchants become increasingly averse to accepting fiat units of account for payment, and this progresses until BTC is the only accepted payment method.
(8) Hyperbitcoinization. Humanity experiences unprecedented flourishing.
The end.
(1) Global merchant acceptance of stablecoins.
--> 2-3% immediately back to their bottom-line while preserving their need to denominate value in their preferred unit of account (for the time being).
(2) Smart merchants invest that 2-3% cost saving to establish a BTC treasury.
(3) Other chains fail to adequately scale payments to a global level. Extinction-level cope event as everyone realizes with horror that payment channels were right all along.
(4) All stablecoin payment activity migrates to the Lightning Network via Taproot Assets. No bridges, no sidechains, no fake "L2s", just native Bitcoin.
(5) A covenants upgrade goes live on Bitcoin mainnet. Channel factories and various other approaches like what we're building at Joltz scale self-custodial usage of the Lightning Network. Cope levels are now unbearable. Broader crypto community rage-quits hit all-time high.
(6) By now, those smart merchants are reaping the benefits of their decision and as a result are systematically destroying their less smart competitors in the marketplace.
(7) Survival of the fittest prevails; merchants become increasingly averse to accepting fiat units of account for payment, and this progresses until BTC is the only accepted payment method.
(8) Hyperbitcoinization. Humanity experiences unprecedented flourishing.
The end.