hodloevsky on Nostr: tl;dr I’m in Hal Finney’s camp, for now: “Most Bitcoin transactions will occur ...
tl;dr I’m in Hal Finney’s camp, for now:
“Most Bitcoin transactions will occur between banks, to settle net transfers." - Hal Finney Dec. 2010.
To expound: I’m not convinced non-custodial lightning is required, being an IOU as it is. This approach is anathema to cypherpunk ideals, but it’s an inherently un-scalable on-chain approach, and I don’t think it can be trivialized to be easy enough for the everyday user non-custodially, even if it could scale.
“Most Bitcoin transactions will occur between banks, to settle net transfers." - Hal Finney Dec. 2010.
To expound: I’m not convinced non-custodial lightning is required, being an IOU as it is. This approach is anathema to cypherpunk ideals, but it’s an inherently un-scalable on-chain approach, and I don’t think it can be trivialized to be easy enough for the everyday user non-custodially, even if it could scale.