0 sats \ 0 replies \ @Kudzai 11 Jun 2023 \ on: Introducing ARK: An Alternative Privacy-Focused Bitcoin Scaling Solution bitcoin
Thank you for sharing!
I hear you and thank you for the feedback as well as the links to some of your writings, but a few key point to consider: This article was directed to the non-tech savvy user so that they can start to dispel the myth that LN is private by default and in the case of mobile wallets i was largely referring to custodial wallets that most people use. The solution you mentioned for invoice generation is a no-brainer to someone with some level of technical proficiency but not to your average user. These are people that just want a frictionless UX, which today the LN is yet to realise especially if you want to use it a non-custodial way. I will dive into the materials you sent, nonetheless and i appreciate you taking time to read my article.
I doubt we will see a migration to the south based on this one factor alone because currencies in the global south will likely be the first to collapse as the petrodollar system gets destroyed, which will create all kinds of economic chaos like we are seeing in Lebanon. What I suspect is that people will move to places where btc will be accepted like El Salvador, as those will be the only hubs in which CBDC’s can be avoided, or they will remain where they are and create an underground btc based economy
Maybe so but evidence on the ground suggests that a CBDC arms race is already underway and the US is very much part of it