28 sats \ 6 replies \ @Zepasta 22 Nov 2023 \ parent \ on: Stranded sats bitcoin
Bitcoin user base is rapidly growing. We are moving towards a Bitcoin Standard, where every person on earth will hold Bitcoin. Therefore, the assumption that the entire world will suddenly lose their Bitcoin all at once and only i will have the remaining 2 BTC while the rest of the users don't have any, doesn't make sense.
I totally agree with the main point of this discussion. Bitcoin might face some issues with fees in the future.
Imagine we are at year 2070, and your intire paycheck is equal to 100 Sats.
If the value of each individual sat becomes really high, regular people won't be able to keep their wealth on-chain because of the expensive transaction fees. Even opening L2 channels would be extremely difficult. Basically, most people would have no choice but to rely solely on L2 custodial solutions. I'm not sure how this problem will be solved exactly.
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I think the unkle jims LSP and Ark and cashu and fedi and liquids are being a little underestimated here. Even if mainchain fees stay really high, there will be some half self custody local situation that everyone can have... Also side note can liquid or a similar side chain suck up the dust UTXOs?
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The coins still need to get onto L2 in the first place. That's a transaction, so if it's dust, it's not getting on.
But as a general strategy, getting your stash onto some L2 somehow is the way.
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getting on L2 via proof of dust? (such sinful language) 😅
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You should jump on the proof of dust brand of activewear, it's catchy :)
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