Leo Fernevak on Nostr: Commerce will require the L2's. The layers above the base layer forms a free market ...
Commerce will require the L2's.
The layers above the base layer forms a free market of options secured by competition. Every form of money have a payment layer and a settlement layer. It's the base/settlement layer that must be neutral and decentralized. That's the beating heart.
The L2's represent the only realistic scaling solution for any money (scaling = allowing 8 billion people to use Bitcoin daily) since no secure blockchain can scale to 8B via the base layer. (Nobody would be able to run nodes)
It's the base layer that cannot be a company or centralized. The base layer is for transferring larger amounts while the additional layers are for smaller sums and daily spending. They all involve tradeoffs.
I'm very positive for the future of the serious Bitcoin L2's.
Besides, if we want sound money on Mars at some point it will require either the Lightning Network, Liquid Network (or similar) or a local Bitcoin fork, due to the center of hash and the distances involved.
The layers above the base layer forms a free market of options secured by competition. Every form of money have a payment layer and a settlement layer. It's the base/settlement layer that must be neutral and decentralized. That's the beating heart.
The L2's represent the only realistic scaling solution for any money (scaling = allowing 8 billion people to use Bitcoin daily) since no secure blockchain can scale to 8B via the base layer. (Nobody would be able to run nodes)
It's the base layer that cannot be a company or centralized. The base layer is for transferring larger amounts while the additional layers are for smaller sums and daily spending. They all involve tradeoffs.
I'm very positive for the future of the serious Bitcoin L2's.
Besides, if we want sound money on Mars at some point it will require either the Lightning Network, Liquid Network (or similar) or a local Bitcoin fork, due to the center of hash and the distances involved.