There was no "silver layer" that approached universality or was even used in a SINGLE jurisdiction for a majority of transactions.
Payments were actually made with a hodgepodge of DIFFERENT networks, some of which were based on silver, depending on the peoples jurisdiction, the amount of value they need to transfer and their socioeconomic position.
This DIRECTLY contradicts the insane maxi thesis that using one value transfer system is somehow divinely preordained..
All that EVER happens is,
an empire tries to graft a system on their conquered territories and over those *native local payment systems*
a system they can use for exploitation and resource extraction.
Bitcoin is exciting because its a *voluntary* decentralized value transfer system that works great over distance. No empire required, people just have to find value in it.
But providing that value doesn't mean that ALL capital will magically collapse into it and other networks will are worthless and will disappear.
Hanshan
npub1lx…6svxa
2026-09-20 19:12:39 UTC
in reply to nevent1q…4s9n
Author Public Key
npub1lxzaxzge0jq9u9cecucctdt5lslwgp7hcxmp2l0wn8r2ecjenwasu6svxaPublished at
2026-09-20 19:12:39 UTCEvent JSON
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"content": "There was no \"silver layer\" that approached universality or was even used in a SINGLE jurisdiction for a majority of transactions.\n\nPayments were actually made with a hodgepodge of DIFFERENT networks, some of which were based on silver, depending on the peoples jurisdiction, the amount of value they need to transfer and their socioeconomic position.\nThis DIRECTLY contradicts the insane maxi thesis that using one value transfer system is somehow divinely preordained..\n\nAll that EVER happens is,\nan empire tries to graft a system on their conquered territories and over those *native local payment systems*\na system they can use for exploitation and resource extraction.\n\nBitcoin is exciting because its a *voluntary* decentralized value transfer system that works great over distance. No empire required, people just have to find value in it.\nBut providing that value doesn't mean that ALL capital will magically collapse into it and other networks will are worthless and will disappear.",
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}