Reflections about BRC-20
-L1 is storage value, not trading shitcoins
-Shitcoiners will loss your sats
-Layers or sidechains are better for this instead L1
-Lightning Network is good for these moments
-Bad for open/close channels
-It is necessary add new functions for avoid attack? If not, what's options?
#bitcoin
I'm wondering if we ever get to see L-BTC backed Lightning channels. Would probably have to come (first) from the federation members who self-sovereigly Swap-In and Swap-Out, and thus treat L-BTC and BTC (almost) as identical.
i.e. when they receive a routing request from incoming L-BTC channel they could forward the outgoing via one of their regular (BTC backed) channels
Hah, @juraj thinking about the same lines!
I meant to actually nostr:npub1m2mvvpjugwdehtaskrcl7ksvdqnnhnjur9v6g9v266nss504q7mqvlr8p9
Didn't seem to have worked. The ways of the Nostrich are full of mysteries
I don't care about jpegs, I think they are stupid and a scam but they shouldn't be stopped/censored, I don't even believe you can, that's the point of bitcoin. The high fees would always happen if bitcoin succeeded in larger scale. Saying that bitcoin is only for transactions is like saying electricity should only be for houses and not for mining. Even without jpegs ppl can fill the mempool just with trading/speculation. This also has the advantage of having a "stress test", a bit like a constant zapathon onchain. Many businesses where relying on a low fee onchain environment, now they are forced to implement lightning. Bisq is an example, many centralized exchanges will also need to implement.
