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hodloevsky / Hodloevsky
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2023-09-17 02:18:53

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.
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