mleku on Nostr: custodial lightning providers and ecash mints are the credit card payment and banks ...

custodial lightning providers and ecash mints are the credit card payment and banks of the bitcoin ecosystem

i think that as we see the ecash ecosystem mature, we will have a complete monetary system and from that basis we accelerate up the adoption curve's sigma pivot point to the moon... i think that's going to be this next cycle, and probably to continue at a slower pace next cycle

i think the reason why it looks like the bitcoin price curve has decelerated has been because of early adopters spending their coins back into development of the system... once that has successfully built the infrastructure required to facilitate adoption it will sharply turn upwards again

there is a very high chance that we are going to see a bigger price movement this current bull market than people expect because there is almost everything required for a massive amount of money to move into bitcoin and stay there

quoting nevent1q…nx8x

it also may require taking into account the disappearance of on chain transaction into lightning, which means you probably need to composit the on-chain wallet estimation with the growth of the number of lightning nodes and UTXOs creating channels

and the advances in that tech are also concealing this userbase acceleration a bit as well i think, it may not even look much like acceleration on the basis of on-chain wallets, because of the necessity to shift more and more offchain