jesusisking on Nostr: Have L2s failed? ...

Have L2s failed?

quoting note1672…9cr0

As the fees go up, ppl realize that bitcoin base layer is only for wire-transfer-like economical transactions. Plebs will be priced out.

The bitcoin hardware wallet business is still going to grow for a few years, then only going to shrink

It will be a nice high security niche

Security is the # 1 feature, not losing your coins is the most important thing, grandma UX focus is high time preference distraction, global south base layer will be silly.

There is also a huge opportunity for bitcoin backed eCash affordable hardware as these are bearer tokens.

Stop designing for today.