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Good point on marketing...
The moment you have multiple operators, I would say we're very close to self-custodial. You only need 1 single honest actor out of 500 in the federation.
I believe wallets don't have that yet as it seems like it's a CLI only operation at the moment. https://docs.spark.money/wallets/unilateral-exit#unilateral-exit
We are at the same stage in bitcoin development as when to send an email you had to write terminal commands.
Emails became widely used only when a simple GUI was available to all.
Better UX drives adoption.
If you can't receive while offline, that is a dealbreaker in many regions of the world.
We can't stop improving... even sending to a simple regular bitcoin address causes massive anxiety to anyone.
The UX is immature...
#1275977
Why would a nocoiner be attracted to use more expensive payment methods (Lightning) when in EU you have free instant bank transfers?
Different users have different needs.
Keep use lightning who cares. Others will choose what's subjectively better for them.
I don't think it's suitable for mainstream users. You can't even receive offline...
Do you not understand that the solution should address mainstream usage and not for nerds?
rsync kills the entire premise. You might as well use a metal plate. Same target users...
It's pretty easy to take a UTXO, move it to a Lightning app on your phone open a channel with it and have access to a big Lightning network just from your phone
Does this pass the mom-test? Nope.
It's just an example of adoption bro.
Do you have any capacity for abstract thinking at all?
Let me spell it out: Great product get adoption without education.
If we make bitcoin products that require "education" we have already failed.
Complexity HAS to be abstracted to succeed.
Studying is a barrier to adoption.
The Internet reached 7 billions users only when the iPhone (and later copycats) reduced the barriers to using it.
Same for Emails. Nobody was sending emails when it required "Education" learning command lines to send and receive an email.
All great tech are intuitive, ChatGPT didn't require users to learn how LLMs work. It just improves people's lives.
The same needs to happen for Bitcoin. If that won't happen, bitcoin will stay niche, and if bitcoin stays niche it means it's dead. Money require network effects.
Seems wildly overvalued honestly.