smaller blocks means fewer on-chain txns and thus peer to peer cash, at scale, fails.
They doubled down and created third parties, side chains and layer 2s, making bitcoin a form of digital gold and not digital cash.
Thus, hodl ideology exists and thus 'willingness to spend' is low, as much as one would want to sell their gold investment vs some other asset (more liquid or some other reason)
S!ayer
npub1eh…3mz4s
2024-07-16 00:25:32
in reply to nevent1q…lxs2
Author Public Key
npub1ehkvx8rdjsrwnf7kkqr8gy42vcwe6vwgqdwrl4juqccp689v8wfqr3mz4sPublished at
2024-07-16 00:25:32Event JSON
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"content": "smaller blocks means fewer on-chain txns and thus peer to peer cash, at scale, fails. \n\nThey doubled down and created third parties, side chains and layer 2s, making bitcoin a form of digital gold and not digital cash.\n\nThus, hodl ideology exists and thus 'willingness to spend' is low, as much as one would want to sell their gold investment vs some other asset (more liquid or some other reason)",
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