paul on Nostr: preston LynAlden Big fan and curious your thoughts - I think both of you would agree ...
preston (npub1s5y…6q7z) LynAlden (npub1a2c…w83a) Big fan and curious your thoughts - I think both of you would agree that sovereignty and cold storage are a big part of bitcoin. If fees stay this high and bitcoin reaches $1M, the average onchain fee could be $1k. If the average UTXO needs to be say 5M sats to be efficient, is it even possible for everyone to be sovereign? This would even affect lightning if people wanted to open channels. Custodial solutions will still work but sovereignty is what keeps bitcoin decentralized. I love bitcoins core principles but this has been on my mind and I can’t figure out if it is a real concern. Any thoughts?
Published at
2023-12-27 20:32:06Event JSON
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"content": "nostr:npub1s5yq6wadwrxde4lhfs56gn64hwzuhnfa6r9mj476r5s4hkunzgzqrs6q7z nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a Big fan and curious your thoughts - I think both of you would agree that sovereignty and cold storage are a big part of bitcoin. If fees stay this high and bitcoin reaches $1M, the average onchain fee could be $1k. If the average UTXO needs to be say 5M sats to be efficient, is it even possible for everyone to be sovereign? This would even affect lightning if people wanted to open channels. Custodial solutions will still work but sovereignty is what keeps bitcoin decentralized. I love bitcoins core principles but this has been on my mind and I can’t figure out if it is a real concern. Any thoughts?",
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