Why Nostr? What is Njump?
2024-03-14 22:06:56
in reply to

Who on Nostr: That's the point. I can courier gold coins and bars around the country for a fixed ...

That's the point. I can courier gold coins and bars around the country for a fixed price of $25. Increasing Bitcoin mining fees mean very soon only large movements will make economic sense. Lightning wallets aren't secure for storing large amounts and moving it back on or off chain will be prohibitive just to do the weekly shop. When they say Bitcoin is the new gold this is what it means. Ten years from now it's going to sit mostly idle in large wallets out of reach of most citizens while the hoypoloy transact in Montero. The only solution I can see is through more affordable and efficient mining technology to bring about greater numbers of domestic level miners.
Author Public Key
npub1706ctmfm6kzrayu476penznqdatwxgt6p0hrum2gweg4qz5xjdeq84jqw5