The end game is bitcoin becomes the settlement layer for the world. Transaction costs are going way up in the future, you're not going to want to do on-chain transactions when it costs $1000+ to do so, but if you're settling a billions dollars, that's a tiny price to pay.
The fact is, whether we like it or not, very few individuals (other than those of us here) will hold private keys in 10 years. The transaction costs alone will ensure it.
**A little Saturday read inspired by your post... I will merit you, but I just dumped all my merit on Hal Finney. You can't be mad about that right?***
[
...post too long for quoting, body removed, click here to go to it...]
Happy Saturday!
Very good post, thanks.
I hope jbreher and the other big blockers read it (I'm saying this in a positive way, not intending to offend anyone...).
Happy Saturday everyone!
The electronic settlement layer of the world will be adopted cause of efficiency, cheap txs by good enough security and simplest stable protocol design where no consensus governance is ever neede cause it was set in stone 10y ago.
I wonder why it's hard to see and get real on that
But it ll take time, cause the globe still thinks best option is Corda (by Mike Hearn) , Hyperledger by IBM or DAML ... cause here they ve minimal governance/ compliance risks and easy smart contract solutions in once.
Why go on open system if risks are too high by any means?
Set things in stone is first option to reduce risks, not some 'high' market cap