tl;dr I’m in Hal Finney’s camp, for now:
“Most Bitcoin transactions will occur between banks, to settle net transfers." - Hal Finney Dec. 2010.
To expound: I’m not convinced non-custodial lightning is required, being an IOU as it is. This approach is anathema to cypherpunk ideals, but it’s an inherently un-scalable on-chain approach, and I don’t think it can be trivialized to be easy enough for the everyday user non-custodially, even if it could scale.
hodloevsky / Hodloevsky
npub1e7…mw2fq
2023-09-17 04:18:53
Author Public Key
npub1e7dqu07axw0m6zvqesjgnw5xftn3uqxxynm54exhurcte628m9fs5mw2fqPublished at
2023-09-17 04:18:53Event JSON
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"content": "tl;dr I’m in Hal Finney’s camp, for now:\n\n“Most Bitcoin transactions will occur between banks, to settle net transfers.\" - Hal Finney Dec. 2010.\n\nTo expound: I’m not convinced non-custodial lightning is required, being an IOU as it is. This approach is anathema to cypherpunk ideals, but it’s an inherently un-scalable on-chain approach, and I don’t think it can be trivialized to be easy enough for the everyday user non-custodially, even if it could scale.",
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