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42 sats \ 0 replies \ @TheBTCManual 22 May \ parent \ on: Is Layer 2 Bitcoin A Shitcoin? bitcoin_beginners
My view is If fees are low it encourages more self custody and more on-chain if fees are high it just moves certain economic transactions from going on-chain for the time being, which will likely be consolidated on-chain when capital needs to be stored long term, because there's no substitute for a trusted on-chain UTXO