Bitcoinmaxi on Nostr: Maybe liquid instead of lighting becomes more popular for the average person that ...
Maybe liquid instead of lighting becomes more popular for the average person that should help prevent this first issue? the liquid federation has control so its not trustless, but there are lots of safeguards already in place to prevent a rug pull scenario that are cryptographically sounds, redundent, ect. because members are businesses, exchanges, asset managers, ect they have a reputation to protect, rather than just a peer to peer lighting transaction. to your other point, I 100% agree we need to have transactions on the base layer. security reasons for sure, and just to incentivice miners to continue to hash even when the block subsity shrinks and eventually disappears. I'm not to worried about this for a few reasons: consider how many bitcoin transactions happen now with such low adoption. what happens when bitcoin is the global means of exchange? demand will be so much higher. and even still, extrapolate how many people will be on earth in 50+ years and they are all using btc.
maybe its just wishful thinking, but I think we are just so fucking early here that there will be so many more solutions to all of these current and future problems. if you were looking at the creation of TCP/IP back in the 70s, could you really understand then that it would evolve into the internet, AI, ect?
Published at
2025-02-11 15:07:27Event JSON
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"content": "Maybe liquid instead of lighting becomes more popular for the average person that should help prevent this first issue? the liquid federation has control so its not trustless, but there are lots of safeguards already in place to prevent a rug pull scenario that are cryptographically sounds, redundent, ect. because members are businesses, exchanges, asset managers, ect they have a reputation to protect, rather than just a peer to peer lighting transaction. to your other point, I 100% agree we need to have transactions on the base layer. security reasons for sure, and just to incentivice miners to continue to hash even when the block subsity shrinks and eventually disappears. I'm not to worried about this for a few reasons: consider how many bitcoin transactions happen now with such low adoption. what happens when bitcoin is the global means of exchange? demand will be so much higher. and even still, extrapolate how many people will be on earth in 50+ years and they are all using btc.\nmaybe its just wishful thinking, but I think we are just so fucking early here that there will be so many more solutions to all of these current and future problems. if you were looking at the creation of TCP/IP back in the 70s, could you really understand then that it would evolve into the internet, AI, ect? ",
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