HardRich on Nostr: I think Fiat Standard implies this. If I recall correctly, he points out that bitcoin ...
I think Fiat Standard implies this. If I recall correctly, he points out that bitcoin can’t scale to normal daily transactions and that it’ll be banks, companies, and countries that do on-chain stuff (due to fees being too high for normal use) and layer two stuff will be for daily transactions.
Isn’t that just common sense, though, based on throughput limitations as of now?
Published at
2024-04-10 21:31:55Event JSON
{
"id": "18f664c7ccbfe5c2cc5a7a31bde133f1a1eca5b6c85e6fd74074862b6f91d8f7",
"pubkey": "8d233d8babe9f40f170c5b0706fd4832869e07d040cfcd6b702d57e070aad1cb",
"created_at": 1712784715,
"kind": 1,
"tags": [
[
"e",
"a3ac4803f4e4e9e721b06fac481bcc64a32a75ef574f10c4383b1ab9cae46a9c",
"",
"reply"
],
[
"p",
"ff04a0e6cd80c141b0b55825fed127d4532a6eecdb7e743a38a3c28bf9f44609"
],
[
"e",
"a3ac4803f4e4e9e721b06fac481bcc64a32a75ef574f10c4383b1ab9cae46a9c",
"",
"root"
]
],
"content": "I think Fiat Standard implies this. If I recall correctly, he points out that bitcoin can’t scale to normal daily transactions and that it’ll be banks, companies, and countries that do on-chain stuff (due to fees being too high for normal use) and layer two stuff will be for daily transactions.\n\nIsn’t that just common sense, though, based on throughput limitations as of now?",
"sig": "c22b7bb712403f64511b6450f20616dc3345ffe9a69e4f9fd678a83b62f19325dee39f6370e3890755fc5febe179c56e2d6e03fa95a29e82c1e795a3b39d7da2"
}
