Some users will, some won't. And it'll happen. When people need money they don't have, they tend to bring it from the future via credit. What are their incentives to not do it?

I'm sorry, who would stop banks from issuing paper Bitcoin? How?

I take that as inevitable.

How would that work if the mint is geographically distributed?

There's longer explanations around

This is pretty damming...

Just tested, great service!

Nitter is working again.

Read the Bitcoin paper.

Check strfry, I believe it has a mechanism to sync relays.

If optimized, a relay should be able to do Twitter levels of traffic by itself.

The fact is that hardware improves exponentially faster than the size of humanity, so we are probably at the point where single-node Twitter is feasible. That's a first, and what may change things.

I think it can... Each relay can be twitter-sized and only cost a few $100 per month.

I agree that's the key point. Hyperbitcoinization means the state and world order as it exists today will have to fundamentally change. Not something I expect (or want) to see while I'm alive.

Bitcoin splitting between KYCBTC and noKYCBTC is the current trend and likely the status for many years. Some degree of movement between the 2 pools will likely be possible, esp. at the "pocket money" level.

This submission has received about 22€ so far. Pizza moment?

See, for instance: https://www.atlantafed.org/cenfis/publications/notesfromthevault/04-fractional-reserve-cryptocurrency-banks-2019-04-25

Fractional reserve banking is entirely possible with Bitcoin, unless regulations forbid it.

All the LN-scape sites are cool (this one especially), but I fear even in a hyperbitcoinization scenario where everyone has access to a LN wallet, maybe people would prefer the "totally free, no money involved, ad-driven" sites. Just human nature.