Bitcoin banks will occur. We already have a few of them. We will have more of them. The current old banks will start providing services. New banks will be established around Bitcoin. This is completely inevitable at this stage. Bitcoin does not expand. Even in the absence of this, people appreciate other services that are inherently required by other parties. Debt being president.
This is an inevitable fact.
Even if we can size. This is not a problem that can be solved overnight.
So what can we do? We need to adopt a local position on making interaction with your Bitcoin easy. This requires a thorny approach, one involves artistic development and the other involves, I hate to say that, and pressure.
There are already parts of software like Lndhub or LNBITS that allow people to provide guard accounts for lightning. We need more programs like this, and we need to be Miles better. It should not include tampering with the command line, installation of independent programs, or seeing GitHub to follow up on manual installation instructions, or floundering about an attempt to fix the metabolism mismatics.
He just needs to work.
Click, synchronize on the network, dated. It should be something for energy users who are still very uncomfortable to work safely, And do not lose the money of others. It needs more support than the basic accounts of lightning. ECash offers privacy, which will be an important thing when it comes to small groups of people who know each other. You do not want your friend to see what you spend on your money. It needs to support things like uninterrupted nursery nursery. People will not want to keep all their friends and family in life, but they keep a recovery key to protect them from their mistakes is another issue.
We need a program that will already expand this type of user reaction outside a group of online active obsessive.
We also need organizational sculpture. There must be a clear confession that the operation of this type of program for friends and family who have trivial amounts of money, as thousands of dollars say, and without imposing anything against that, is an unorganized activity. Helping friends and family interact with Bitcoin easily and easily, for free, do not make you a bank. The idea of a few thousand dollars that need to comply with the regulations run by banks run by billions of dollars.
This is the way forward given the current restrictions of Bitcoin, the reality of growth and the acceleration of adoption, which leads us away from a system that ultimately becomes fully captured by old financial institutions.
Instead of relying on it to deal with the current scaling restrictions of Bitcoin, we rely on each other.
This article is a Take. The opinions expressed are fully author and do not necessarily reflect the views of BTC Inc or Magazine Bitcoin.
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