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42 sats \ 2 replies \ @fiatbad 7h \ parent \ on: Is increased merchant adoption reducing bitcoin's purchasing power? econ
That sucks, cuz it almost always leads to custodial options.
The merchants who learn to take self-custody will be rare. And the world may not change much, as we'd hoped.
Roger Ver would argue this is the fault of the protocol. But, I think it's the fault of the people. Humans are lazy. Nassau merchants are who layer 3 protocols such as Fedimint are for. Such protocols, while not much of an upgrade from fiat banking, ARE objectively still an upgrade from fiat banking, and should be praised by the Bitcoin community. (that's right @justin_shocknet , I'm still picking at this bone!)
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I don't know. I think it's just a starting point. Some will begin trying to understand it further and get into self-custody.
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