<oembed><type>rich</type><version>1.0</version><title>moonsettler wrote</title><author_name>moonsettler (npub1dg…4mccn)</author_name><author_url>https://yabu.me/npub1dgesr3zcgyjv2z0050h7auzdlf88gycry7tlk7wsypmgngy97yxqv4mccn</author_url><provider_name>njump</provider_name><provider_url>https://yabu.me</provider_url><html>&#34;You&#39;re still conflating money, payments, settlement, and credit. &#34;&#xA;&#xA;no. i never make that mistake. what a weird claim.&#xA;&#xA;&#34;Bitcoin does not need to scale (it could never) for every economic interaction on-chain. &#34;&#xA;&#xA;that&#39;s a strawman. it&#39;s not my crusade at all.&#xA;&#xA;bitcoin fails if the vast majority of users are intermediated in their ownership. there is no  &#34;censorship-resistance&#34; or &#34;sovereignity&#34; in that setup, but that&#39;s not all. the 21m cap also does not exist in that world as far as price discovery is concerned.</html></oembed>