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SeekerErebus
Member since: 2023-02-23
SeekerErebus
SeekerErebus 2d

Unexpected discovery. Assuming total hyperbitcoinization does occur, even once the block subsidy hits zero, the "break-even" cost to maintain the current all-time high network security in sats/vbyte terms is under 1 sat/vbyte. That assumes no improvements in electrical efficiency too. So even if nearly all of the transactions are occurring off-chain, the few that do need to use onchain can keep the network secure rather easily for hundreds if not thousands of years.

SeekerErebus
SeekerErebus 10d

There's an opportunity right now for significant Cashu adoption in a short burst. Visa and Mastercard have forced Steam to ban thousands of games, and change their platform rules, in order to stay in business. There are tens of millions of people who are currently seeing a direct pain point around the flow of money, and are actively focused on it to the point of calling politicians by the thousands. Steam is absolutely enormous, and the globe is feeling the impact. Because Cashu is provably anonymous spending, it solves this problem in totality. If we can anonymize Valve to the payment processors with Cashu, especially if we can save them on fees while we're at it, and get them the dollars they are currently after while doing so, this could be huge for adoption, and for exposure to the bitcoin ethos.

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