S!ayer on Nostr: smaller blocks means fewer on-chain txns and thus peer to peer cash, at scale, fails. ...
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)
Published 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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