3 ms·
> What you're really saying is that you don't think BTC should help banking the unbanked (because they often live in poor countries where their weekly salary is
by xur17 6y ago
> What you're really saying is that you don't think BTC should help banking the unbanked (because they often live in poor countries where their weekly salary is your cup of coffee).
That is not at all what I am saying. I'm saying that technically only a very small subset of transactions should be settling on the base BTC layer, and hence that is how incentives should be (and are) setup.
- bustin 6y agoWhy would people prefer to use a paypal that settles on the bitcoin network vs a paypal that is based around USD?
- xur17 6y agoI have no idea, but second layer networks have much different properties than a custodial paypal service has. In terms of USD vs BTC spending - I imagine a lot of people will want to spend USD, and BTC will serve as a store of value and backing asset. USD is possible via stablecoins though.