Honestly, capped supply could work & it's also a great marketing... But with 7TPS & no plans to make that bigger? No way man... That's insane. Plan is clearly to make an actual digital gold, that only big actors can old onchain, and to rebuild the banks on top of it the way it always has been. I mean, the smart guys calling the shot can all do the math & figure out were it leads right?
This leaves a lot of room for Monero to grow, as the currency of the people. It's true that we'll have to pay for our security (~0.5%/year), but at least we'll have self custody. ✊
Btw, something else people miss: what we pay for holding, we won't pay it for transacting. Cause that's the other thing right, most people do both and have to pay for the security anyway. 😅
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I just tried to zap you to prove this final point (but you don’t have a lightning wallet setup) which makes a lot of sense.
Layer 2 already solved this issue. This was the entire block size war debate over scalability. To handle thousands of TPS on the base layer, blocks would become so massive that only elite data centers could afford the storage, bandwidth, and computing power to validate the chain. This would erode node runners ability to secure the network.
Bitcoin solved this with lightning and then grew massively in adoption (there are over 800,000 square merchants now accepting bitcoin via lightning).
Bitcoin’s layer 2 is a huge part of nostr too. People have bought my album and books with it. I use it everyday. You should try using it!