Bitcoinmaxi on Nostr: to your first point, I just don't think this is a fair comparison because the layer 1 ...
to your first point, I just don't think this is a fair comparison because the layer 1 is so radically different (btc vs gold). if I build 2 of the same house: one on concrete and one ontop of sand, its not fair to say the houses are the same.
As for the technological advances question, we have already seen soft forks with the taproot upgrade for example so it has the ability to change if consensus can be reached. this is obviously very difficult to do though, but this is good because it defends against unintended consequenses (inscriptions for example) and in general, you just don't want your money to change. it should be the same and boring AF to provide stability.
the stable coins idea I think is just a separate issue. i see it as a phase that just will prelong the lifespan of the dollar. just like when gold backed money, then oil, and now maybe stable coins ensuring demand for US T bills. it will die eventually because its just a house of cards build on trust. once the trust breaks, its over.
As for the technological advances question, we have already seen soft forks with the taproot upgrade for example so it has the ability to change if consensus can be reached. this is obviously very difficult to do though, but this is good because it defends against unintended consequenses (inscriptions for example) and in general, you just don't want your money to change. it should be the same and boring AF to provide stability.
the stable coins idea I think is just a separate issue. i see it as a phase that just will prelong the lifespan of the dollar. just like when gold backed money, then oil, and now maybe stable coins ensuring demand for US T bills. it will die eventually because its just a house of cards build on trust. once the trust breaks, its over.