1 week ago
Twitter laminitis Jack Dorsey precocious said that the Bitcoin assemblage should absorption connected scaling payments successful bid to stay relevant. “I deliberation it has to beryllium payments for [Bitcoin] to beryllium applicable connected the everyday," helium told Haley Berkoe connected the 21 successful 21 podcast.
I disagree.
As idiosyncratic successful the trenches with Bitcoin builders, who besides talks to market-makers and investors, I fundamentally disagree with the thought that payments are the way guardant for existent Bitcoin adoption.
The lone mode to turn Bitcoin’s relevance is by creating much functionality for mundane users to bash thing with their bitcoin that doesn’t impact selling oregon sending it distant (i.e. hodling). That’s particularly existent connected the organization side, wherever a bully firm strategy involves much than conscionable holding BTC connected a equilibrium sheet.
Bitcoin is simply a generational asset. Understanding that astir holders don’t program to sell, you person to look astatine however you support the concatenation healthy. As the rewards for miners shrink each halving cycle, uncovering sustainable ways to incentivize them volition beryllium a large portion of the treatment astir Bitcoin implicit the adjacent decade. Scaling enactment to Layer 2s, similar Stacks, that tin bring astute declaration functionality to the ecosystem without compromising the basal layer, creates acold much opportunities than simply scaling payments alone.
Bitcoin has established itself arsenic “digital gold” successful 2025. Individuals, institutions and countries are holding it arsenic a safe-haven reserve investment. This inclination does not lend itself to a aboriginal arsenic a payments vehicle; instead, it creates a ripe accidental for Bitcoiners to enactment successful Bitcoin DeFi and marque BTC a productive asset.
A caller Binance probe study stated that lone astir 0.8% of bitcoin is presently being utilized successful DeFi. That means there’s astir $1 trillion successful untapped imaginable worth on-chain if we tin make a wide lawsuit for gathering connected Bitcoin.
Bitcoin's halfway spot is its security, decentralization, and finite supply. Knowing that, wherefore would idiosyncratic look to usage their BTC arsenic a signifier of payment? Instead, done DeFi protocols, you are already capable to span your bitcoin to an L2 and get stablecoins. Since BTC is present considered by astir arsenic generational wealth, it becomes your champion collateral. DeFi allows you to usage integer assets arsenic payment, portion keeping your BTC securely stored connected the Bitcoin blockchain. Bitcoin DeFi unlocks BTC arsenic the astir pristine signifier of collateral.
I hold with Dorsey erstwhile helium said that Bitcoin won’t win if "[Bitcoin] fails to beryllium applicable to radical connected a regular basis.” But we tin turn long-lasting relevancy by allowing radical to bash much on-chain done Bitcoin DeFi.
Any builders moving connected platforms that widen Bitcoin's functionality, allowing for lending, borrowing, and different fiscal services without compromising its security, volition travel retired arsenic the caller leaders successful this space. If we leverage these L2s, we volition spot radical make savings accounts filled with bitcoin, gain output successful bitcoin, instrumentality retired loans against their bitcoin, and virtually each of those actions volition beryllium abstracted by the scalable L2s.
Bitcoin tin proceed to beryllium this plus of generational wealthiness oregon store of worth against inflation, portion really being an progressive plus crossed an evolving fiscal ecosystem.
Utility lies successful creating opportunities to bash more, not successful making your greeting java acquisition successful BTC.
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