Quote from: bitbollo on September 20, 2023, 04:10:05 PM

"Most Bitcoin transactions will occur between banks, to settle net transfers." - Hal Finney Dec. 2010.
https://bitcointalk.org/index.php?topic=2500.msg34211#msg34211

Quote from: Hal on December 30, 2010, 01:38:40 AM

Actually there is a very good reason for Bitcoin-backed banks to exist, issuing their own digital cash currency, redeemable for bitcoins. Bitcoin itself cannot scale to have every single financial transaction in the world be broadcast to everyone and included in the block chain. There needs to be a secondary level of payment systems which is lighter weight and more efficient. Likewise, the time needed for Bitcoin transactions to finalize will be impractical for medium to large value purchases.

Bitcoin backed banks will solve these problems. They can work like banks did before nationalization of currency. Different banks can have different policies, some more aggressive, some more conservative. Some would be fractional reserve while others may be 100% Bitcoin backed. Interest rates may vary. Cash from some banks may trade at a discount to that from others.

George Selgin has worked out the theory of competitive free banking in detail, and he argues that such a system would be stable, inflation resistant and self-regulating.

I believe this will be the ultimate fate of Bitcoin, to be the "high-powered money" that serves as a reserve currency for banks that issue their own digital cash. Most Bitcoin transactions will occur between banks, to settle net transfers. Bitcoin transactions by private individuals will be as rare as... well, as Bitcoin based purchases are today.

Correva il lontano Dicembre 2010 ed Hal Finney in questo post qui sul forum descriveva la sua visione "futura" del bitcoin.

Dopo 13 anni, tirando le somme, possiamo vedere l'implementazione di LN (che ha rimosso tante tx on-chain) e Taproot (che permette di migliorare la "privacy" delle tx...)

E' questa "la strada da percorrere" per bitcoin? Sarà questo un suo use-case? Quali saranno i prossimi passi e soprattutto riusciremo a vedere questo momento storico Roll Eyes

?

Questo era il tizio famoso malato che poi è morto se non sto sbagliando. Fa piacere vedere che tutto è nato da queste persone eccezionali e visionarie allo stesso tempo. Persone che sono state in grado di anticipare i tempi e di immaginare il futuro.
Ho tanta stima per il collettivo che ha creato bitcoin e la blockchain.
Grazie per la condivisione.