mIX on Nostr: I'm not sure your definition of layer 2 is what most people would say a layer 2 is. ...
I'm not sure your definition of layer 2 is what most people would say a layer 2 is. What in your mind makes it a layer 2?
It's not at all in my mind:
1. You can't transact with an ETF.
2. ETF you have to swap back to fiat before you can go elsewhere and that can take days to weeks. You can't swap it to your node or another wallet. You have to sell first.
3. You have no custody. AKA you don't actually own anything. It's paper bitcoin.
Published at
2025-02-14 18:55:39Event JSON
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"content": "I'm not sure your definition of layer 2 is what most people would say a layer 2 is. What in your mind makes it a layer 2?\n\nIt's not at all in my mind:\n1. You can't transact with an ETF.\n2. ETF you have to swap back to fiat before you can go elsewhere and that can take days to weeks. You can't swap it to your node or another wallet. You have to sell first.\n3. You have no custody. AKA you don't actually own anything. It's paper bitcoin.",
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