@ThillerX_ sent me this tweet thread asking what advantages SN has being built on bitcoin. After all, SN could almost be built using the credit card system. The thought has occurred to me too. I even had a friend send me a (now defunct) fiat paid posting platform.
My response:
- lightning promises to eventually be easy to do non-custodially
- the global unbanked
- identity-free, permission-less, privacy money
- truly tiny payments in/out with proportional fees
- SN runs a copy of the bitcoin bank and can't be trivially unbanked
- interoperability
The people building these services don't long-term aim to be custodial. In Podcasting 2.0 a lot of the ecosystem is already hybrid custodial/non-custodial.Early cars weren't much better than the best horses.IMO It's just early and the tech is still expressing itself.
What did I miss?