↳ Reply Derek Ross (npub18ams6ewn5aj2n3wt2qawzglx9mr4nzksxhvrdc4gzrecw7n5tvjqctp424)
Given a long enough timeline, I don't see on-chain being viable for smaller transactions anyway.
Perhaps. Hard to say. Just hope it doesn't become like the past... "Why hold your own Gold when you can deposit it for an IOU Bank Note?" --> "We...
Perhaps.
Hard to say.
Just hope it doesn't become like the past...
"Why hold your own Gold when you can deposit it for an IOU Bank Note?" -->
"We'll even pay you deposit interest!" -->
"Oops... We are exchanging your Gold to the Feds, cuz it's the law now... but just keeping using the pieces of paper!" -->
😣
"Just buy our stock/ETF/token/IOU (MSTR, NAKA, STRC...) ... L1 is too slow/expensive/risky" -->
"You don't need to access the real thing. Just use the derivative." --->
"Node running is expensive and self custody is risky."
🤐😶🌫️😳
Kind-1 (TextNote)