People say that because BTC can only handle about 7 transactions per second on the base layer, there's no way it can ever become the world's reserve currency.
They do not understand how money works. It's cool, most people don't. Let's get into it. 👇
The entire US banking…
— Rip VanWinkle ⚡️ (@danieleripoll) September 5, 2023
A slow, clunky Fedwire system is able to support the largest economy on Earth because monetary systems are built in layers. 🤣
Layer 2 solutions like Lightning (and there will be others) will handle high velocity payments instantly and nearly for free. 🤣
Layer 3 solutions like Fedi will simplify self custody for the masses while scaling payments even further, and adding privacy, as these transactions happen completely off chain. 🤣
It's been awhile since I've heard these howlers. All this from a guy who claims the BTC Whitepaper is “marketing”