Is Layer 2 Bitcoin A Shipcoin?

Join the private Bitcoin forum:
https://www.bitcoinuniversity.com/bit...

In this video, I discuss the various trade-offs involved with using BTC on Coinbase, the Liquid Network, the Lightning Network, and in fedimints.

Putting BTC on a Layer 2 does not make it a shipcoin, provided that there is real BTC locked up on-chain that backs it. I would draw the line at wBTC which uses altcoin payment rails like Ethereum.

As on-chain transaction fees continue to rise, much or all of our Bitcoin transaction activity will take place on higher layers.

While it's important to minimize trust, there is still a place for trust and custodial solutions in the Bitcoin ecosystem, which includes adults holding BTC for young children or older people in their family.

We should expect some form of BTC to end up in every nook and cranny of the global financial system as well as on different Bitcoin layer 2s, because this is what hyperbitcoinization looks like.

Not investment advice! Consult a financial advisor.

Bitcoin and the Liquid Network:
   • Bitcoin And The Liquid Network  

Bitcoin Pizza Day:
https://x.com/bitstein/status/9988869...

I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos. My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.

#Bitcoin
#Liquid
#Lightning

Disclaimer
Neither Bitcoin University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video, on this YouTube channel, or at www.Trader.University or www.BitcoinUniversity.com (henceforth, “the Sites”) should be construed as such by you. This video, channel, and the Sites should be used as educational tools only and are not replacements for professional investment advice. Trading or investing in new and volatile assets like Bitcoin can be risky.