Five on Nostr: Some points off the top of my head: 1. L2-s will always need settling TXs onchain, ...
Some points off the top of my head:
1. L2-s will always need settling TXs onchain, and they have risks and limits(eg liquidity management and online requirement of LN) that base layer doesn't
2. Bitcoin banks have plenty of risks that base layer doesn't so a substantial amount of ppl will still choose that
3. Banks will also need onchain settlement between each other
4. Therefore sheer number of onchain transactions is gonna be through the roof, taking adoption into account. "Mempools will never clear" argument
5. Bitcoin appreciates tremendously in multiple halving's time
6. Bitcoin miners are getting more and more cost-effective
7. At the end of the day Bitcoin might not need _as_ much hashpower as ppl might think to survive. It depends on the real demand for base layer transactions and the mining business can dynamically grow or shrink as necessary
1. L2-s will always need settling TXs onchain, and they have risks and limits(eg liquidity management and online requirement of LN) that base layer doesn't
2. Bitcoin banks have plenty of risks that base layer doesn't so a substantial amount of ppl will still choose that
3. Banks will also need onchain settlement between each other
4. Therefore sheer number of onchain transactions is gonna be through the roof, taking adoption into account. "Mempools will never clear" argument
5. Bitcoin appreciates tremendously in multiple halving's time
6. Bitcoin miners are getting more and more cost-effective
7. At the end of the day Bitcoin might not need _as_ much hashpower as ppl might think to survive. It depends on the real demand for base layer transactions and the mining business can dynamically grow or shrink as necessary