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@ Hynek
2025-01-17 14:10:19
...which allow online payments to be sent directly from one party to another without going through a
financial institution.
- Without sovereign and accessible payments we are loosing censorship resistance
- Without censorship resistance even other core characteristics are in danger - including scarcity and durability.
- This affects every bitcoiner including sworn hodlers and MSTR followers.
| Property | Description | Fulfillment |
| --- | --- | --- |
| Scarce | Fixed supply forever. Instantly and costlessly verifiable | 🟢 Good, but can be harmed without censorship resistance |
| Portable | Effortless to store and move, with negligible costs | 🟠 Onchain transactions can be expensive, other layers require onchain to be sovereign. Easy portability is offered by custodians only. |
| Divisible | Infinitely divisible | 🟠 Smaller units than dust are available only for LN users, which most people can’t use in a sovereign way. |
| Durable | Exists forever without deterioration | 🟢 Good, but can be harmed without censorship resistance |
| Fungible | Every piece is forever the same as every other piece | 🟡 Onchain bitcoin is not fungible. |
| Acceptable | Everyone, anywhere, can send and receive | 🟠 Most people are not able to send and receive in a sovereign way. |
| Censorship Resistant | You hold it. Nobody can take it or stop you sending it | 🟠 Custodians are honey-pots that can and will be regulated |
> ➡️ We need accessible, scalable, and sovereign payment methods