92 sats \ 2 replies \ @Line2Wire 17 Dec 2023 \ on: Not so toxic rant, but this ETF stuff made me realize something bitcoin
Hard-disagree.
The technical boundary to hold keys and run a node was made elegantly low, and it's only been made more accessible over the years. It's a technical feat and is how Bitcoin has become and continues to be the most decentralised network on the planet - It was a happy accident, and yet, all the necessary/favourable conditions were met to make it so.
I see it this way - I think at some point every household will own a node, just like they own a wifi router. That's the bitcoin standard. And accessibility will only improve and open more over time.
LN may not be the true end-game. It's an experiment, the first to reach such adoption yes, but an experiment nonetheless that hadn't been battle-tested the way it is being now.
Ark, Liquid, etc for all the positives and negatives all deserve their chance to offer something, and I could see them all side-by-side with a bridge between them to minimise reliance on on-chain TX.
I don't think drive-chains in their current form/concept are the way to go either.
Lastly, I don't think it's so much about people not owning their keys, as much as it is about people not interfacing with L1 - Massive difference, and both concepts can co-exist.
I think at some point every household will own a node, just like they own a wifi router. That's the bitcoin standard.
That's a beautiful vision. You must still think of the masses as fine, upstanding, intelligent people on average.
I'm sorry, I haven't met anyone like that in a while. IMHO, the masses are basically socialist consumers who demand everything spoon-fed to them and complain about it being too hard anyway. And I'm being nice there in that description.
Even if forced onto the bitcoin standard they'll demand custodial solutions. Like, 90+% of the planet.
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I believe in re-education.
I believe that if people go through enough (rather, I've seen this myself), they'll regain the want and remember the need for holding their own wealth - And technology for the first time makes that a viable approach, even if the UX requires refining. The world is in a perfect state to catalyst exactly that kind of mentality shift.
That being said, most of all, I want choice. I want to be able to hold my own keys, and I want you to be able to hold your own keys even if you believe you shouldn't - That'll then be your choice to make, but not mine or anyone else's.
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