Right. So when the time comes perhaps Grin can conjure a better solution than Lightning Network
edit: e.g. IIRC satoshi’s original design for high frequency txns was less “centralised” than LN and did not include the sort of punishment LN operators face, whether the punishment is for incompetence or malicious intent
On the contrary, so much a store of value is the foundation of digital cash.The current narrative is that when Bitcoin rises to the point where it can’t go any further, it is the time that suitable for digital cash digital cash, and every sats has value
But is there is there ever such a point? Sure, each 4 years halving, the price increase is less. But the supply curve of Bitcoin means there will only ever be 21 million Bitcoin.
The current supply rate of Bitcoin is only 0.78% per year of those 21 million. I think the loss rate of Bitcoin is roughly the same as the supply now or even higher. Soon the loss rate will be higher than supply meaning there is only ever increasing scarcity. On top of that, a) fiat can be printed indefinitely b) fiat is inflationary and c) the human population only grows meaning more demand for Bitcoin…
Bitcoin might become less deflationary but it will always be deflationary compared to fiat and as such I see no reason to expect the price will ever truly become stable.