Bitcoiners smarter than me worry about UTXO count. Maybe I’m naive but I imagine we’ll find a solution in the future, maybe on an L2, maybe a wallet, maybe a BIP. It’s a big world out there.
Gold-backed digital tokens are the ultimate shitcoin.
-relies on trust
-non portable across space / time
-non redeemable for physical gold
-increasing supply ♾️
-normies will fall for it
The good news: it may delay Bitcoin adoption in the short term so that plebs can keep stacking.