/biz/ - Business & Finance

>>54726677
Doesn't reach internet scale without L2. You want personal servers paid through streamed micropayments, decentralized social media backed by staked BTC, PKI, etc. Right now everyone just hodls, but in a world where people actually cotton on to the digital money thing, blocks get really full really fast.

You need some form of L2 to truly realize the promise of BTC as a reserve currency of the internet.

>L2 is a CEX
This is a terrible metaphor. You still self custody with even the very basic stuff like a fedichain or lightning. Yes you make tradeoffs, but eventually you want to move your pile of gold around, and there has to be infrastructure in place if everyone is trying to move their piles of gold around.

You are of course free to stay entirely on the mainchain, but there are legitimate usecases that require different protocol layers on top. Even something like a fedichain that wraps BTC to use in defi protocols, such as borrow/lend pools, is a legitimate use case not enabled by base BTC, and is currently being served by custodial entities. Would be better off with that custodian instead being it's own layer of decentralized validating nodes.