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by vmception
2054 days ago
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I don't consider it a solution, I consider it a reality. If you want to transact in unlimited amounts very quickly, there are extremely viable options. If you then want to pay a little bit more to custody your asset in the most secure way onchain, you can do that. Let's step back and look at the criticism: we are still talking about nearly instant on-chain settlement, and by instant I mean within an hour, at any time of day any day of the week. We are talking about fees lower than what trading commissions were for decades, but being mad that it isn't simultaneously better than merchant processing fees or for poor people all the time. There is just a parallel world here with plenty of options, completely accessible now with atomic swaps or bonded minting/burning in a way that wasn't available even just two years ago. The exchanges are mostly irrelevant except the largest fiat onramps, which have recently expanded too. That's where we are. If the market really wants to get frothy this time, I think the capacity is quite ready. And for things that aren't ready due to programming or people just not using them, they incentivize is there to be a catalyst. |
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