TFTC 633 w/ DETERMINISTIC OPTIMISM 🌞: "The uncomfortable truth is that base layer Bitcoin is not for everyone. There is not enough sats. The math doesn't add up." We discuss: ⚡️ Bitcoin self-custody ⚡️ AI is replacing the middle of the bell curve ⚡️ Why covenants matter for 1000-year vaults

Omg, my image 🤣

Scan any documents, convert images into text, PDF files, etc. 👍

@nvk Great conversation as always! 🔥

In short, the Lightning Network, which powers wallets like Phoenix, can theoretically handle a massive number of global transactions due to its off-chain scaling. It processes payments instantly and cheaply by settling batches on Bitcoin’s main chain, so it’s not limited by Bitcoin’s 21 million cap or block size. Current estimates suggest Lightning could handle millions of transactions per second, far exceeding global financial systems like Visa (tens of thousands per second). As for hodling, people are betting on price growth now, but long-term, Bitcoin’s price could stabilize as it matures. Even if some hodl, there are enough satoshis (1 BTC = 100 million satoshis) to facilitate global trade, especially with Lightning’s efficiency. People will always buy, sell, and invest, keeping liquidity alive.