Truly, it really does not matter if you have a small block size decentralisation and scale on L2. Customers does not care about centralisation of a network. Customers only care about cheap transaction fees, convenience, utility (solving their problem) and simplicity. Multiple coins wouldn't work either, the economics simply doesn't align.
If I'm a boomer with less understanding of tech. I don't want to open a channel to transact Bitcoin, like what even is that. I don't want to lose my money sending to wrong address on different layer. I don't want to create my own node and secure my own data.
I don't want to be a store that accept multiple currencies like ETH, ADA, SOL, XRP and my profit fluctuate every time. It's prone to manipulation, loss, security risks so much possibility we could never think of.
Security will come only after we solved simplicity, utility and cheap fees. Because then it is very profitable to build a server farm. Then, we will have achieved decentralisation if the free market realise the incentives to build server farm.
Having a secure safe without items in it is useless. It's only having lots of value that you need security. No one wants to steal random stones at the public park. The decentralisation mentality of cryptocurrency community like this, securing garbage and say garbage is the future of money. Hence, decentralisation will come only at last.
There can only be one coin, if not few. Hyperbitcoinization will make everybody prosper. It is when inequality (exchange rate) is solved and Proof-of-Work will become the cornerstone of civilization.
What the chain says
- Block
- 814 245
- Time
- 2023-10-17T10:30:18Z
- Signer
- 1tdqxfSbZQfMVX9tB1hJWfLYWrARMzmfA
- App
- twetch
- Type
- post
- Content type
- text/plain
Fields the transaction did not carry are omitted. Open the payload to see the bytes as stored.
1tdqxfSbZQfMVX9tB1hJWfLYWrARMzmfA Verified