
27. The Underlying Technology Behind Fiat Standard
The Bitcoin Standard Podcast
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You Can't Pay for Your Coffee With Your Own Node
I just don't think that managing balances is something that people will do individually. I think it's a professional thing that will be done by companies that develop highest sophisticated algorithms from managing it. The notion that we're going to get people to do anything more complicated than what their credit cards and Apple Pay does in order for us to function, I think, makes no sense. Just because you're not buying your coffee on Bitcoin does not mean that Bitcoin security has been destroyed. There's a huge gray area between Bitcoin being secure enough to continue to operate and you getting to pay for your coffee on chain. So the fact that not everybody will be running their own node and managing channels and managing the
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