I was debating writing a book, but the more I thought about it and the appropriate name for it, I'm wondering it you are writing it or would write itπŸ˜… "Fixing Money" People don't understand systems. We need a book that takes systems like Bitcoin and compares it to Gold and other existing financial systems of today including ones that work and ones that do not based on fundamentals like you mention in the OP. Lightning is the equivalent of Banking settlement and transfer relationships. Liquid is the digital equivalent of Hawala which has a place. People don't understand this because they don't see how it all looks at scale. People get all up in arms about the dream of P2P electronic cash but they don't realise most people don't care and they just want things to work. that will require developers and service providers on a sound money that is simple on the base layer and isn't compromising for somewhat arbitrary features. If we're engineering a new car, let's keep the parts that work based on historical experience. As the market evolves we will eventually find out how many demand certain solutions like custody with less counter party risk etc. We currently don't even know how many will desire certain things because money is misunderstood as it is and the few that are in it now are clearly different than your average fiat minded person. Other ideas: At scale, no one will ever have a L1 Hot wallet. Phoenix is cute but it's silly to run a bank from your phone that shuts down every time it's not running. I could go on and on, but I'm sure you understand it even better than I do. There are also missing pieces like a delayed settlement and credit system that allows for people to but things and a trusted third party to handle disputes from both sides like Visa. People will need to get used to seeing the fees associated with services because nothing is hidden like the systems of today, but the fees are lower overall. People spend time developing solutions that are only a transitional problem instead for designing for when every sat is a dollar. Would you write this?

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we improved every part of a car, compared to the first versions of cars. lights, tyres, motors - everything. we win nothing when we scale through trusted third parties where we can not even verify they have the funds they show in a custodial wallet. Let alone privacy.
You still need lights, otherwise please do explain how 10B people transact on L1 when Bitcoin is worth a few billion per coin and even at 1 sat/vbyte is thousands of dollars. One solution has trade offs over another. Plus normies don't care. As opposed to social manipulation, popularity and theft, in the future you will need capital to offer financial services. You will not be able to get capital illegitimately at scale with sound money as the foundation. If money worked today far less people will care about self custody and even today it's far less than 1%. The few that do will be wealthy. I personally wouldn't have cared until I found out how broken it all is. You overestimate the sheep.
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