Bitcoin Bank will happen. We already have a few of them. We will have more. Existing Legacy Bank will start providing services. A new bank will be established around Bitcoin. This is not completely avoided at this point. Bitcoin is not expanded. People care for other services that are essentially required for other parties. Debt is the best.
This is an inevitable reality.
Even if we can take a finger and launch all the well -designated opcode and contract proposals at once, it will still take a lot of time to build a self -employment that can compete with a credit union that provides a bitcoin account and a bank that can compete with banks. Will. scale. It is not a problem that can be solved trivial overnight.
So what can we do? We must accept the regionalist attitude toward easily interacting with Bitcoin. This requires two branch approaches related to technology development, and the other dislikes the lobby.
Software such as LNDHUB or LNBITS has already existed so that people can provide management accounts for lightning. We need more software like this mile Better. It is not necessary to tinker in the command line, connect independent software, describe Github to follow manual installation guidelines, or try to fix dependency inconsistency.
It only needs work.
Click, sync and complete the network. It is still necessary for power users who are still not familiar with technology. Do not lose the money of others. It is necessary to support more than the basic account for lightning. ECASH offers privacy, which will be important for people in small groups who know each other. You don’t want to see a friend spent money. It must support things like lethargy or unchuk style on chapter. People don’t want to save all friends and family lives, but it’s another problem to maintain a recovery key to protect them from their mistakes.
We actually need software to expand this type of user interaction beyond many activist idiots online.
We also need a piece of regulation. It is necessary to have a clear recognition that operating this type of software for friends and families with minor amounts of money is thousands of dollars and nothing -regulated activities. Helping friends and families to be safe and easily interacted with Bitcoin is not free of charge. Honestly, thousands of dollars of ideas that have to comply with a bank that manages billions of dollars are ridiculous.
Considering the reality of growing and accelerating the current constraints and adoption of Bitcoin, it makes us away from a system that is completely captured and neutralized by legacy financial institutions.
Instead of relying on them to handle Bitcoin’s current scaling restrictions, we depend on each other.
This article is A Take. The expressed opinion is entirely the author’s opinion and does not necessarily reflect the opinions of the BTC INC or Bitcoin magazine.