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Your “argument” is a false equivalence. Bitcoin payments are still settled on node in real time over Lightning. I fail to see how you think this is paper gold? 🤷‍♂️

🇵🇸 whoever loves Digit 6mo ago

There is no false equivalence. You can pretend there is, but I will continue to explain how there is not. Perhaps you should go into more detail about this delusional "false equivalence" idea so I can go into detail about how you're wrong.

Lightning payments are still not Bitcoin payments, and Bitcoin doesn't work "in real time" if by that you mean instantly.

It's not paper gold, it's lightning. It's equivalent to paper gold because in both cases it's an attempt to represent the value of an underlying asset with more speed and efficiency than transporting the underlying asset itself, and in both cases, the proponents use it to control sheep (almost everyone) by employing gaslighting and other manipulative psychological techniques to try to brainwash people into viewing the connection as a sacred link upheld by the laws of god and nature, making the representation the same as the thing itself.

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unknown 6mo ago

For the love. This is a bold face lie or ignorance.

“Lightning payments are still not Bitcoin payments, and Bitcoin doesn't work "in real time"”

If Bitcoin is sent. Over lightning. To my node. It’s there. No one can take it. No one can revert the transaction. It’s part of the 21million cap that can’t be inflated or printed.

How do you explain that this isn’t real? You’re not making sense.

🇵🇸 whoever loves Digit 6mo ago

And if I exchange an IOU for gold, the gold is there. No one can take it (without stealing, same as anything). The IOU "turns into" gold in this sense, but that's kinda poetic wording, not explicitly exactly true

🇵🇸 whoever loves Digit 6mo ago

Me saying "the IOU turns into gold" would be fine if I dealt in actual gold, but you should instantly be able to see how retarded it is when I say "the IOU is better than gold because it's gold but faster, therefore when I say I accept gold at my shop, I don't expect you to think I will actually accept gold you bring me, I expect you to understand that gold means IOUs"

🇵🇸 whoever loves Digit 6mo ago

The most insane part is the actual claim of accepting the underlying asset while not doing it

A shop retarded enough to accept paper and refuse gold is a classic

But I never heard of a shop retarded enough to say "we accept gold" when they didn't - that's new lightning cult retardation

unknown 6mo ago

Accepting bitcoin over lightning. Is accepting the asset. Not paper. This is where your paper gold argument falls apart. It’s not the same as accepting an IOU.

🇵🇸 whoever loves Digit 6mo ago

If you say you accept gold over paper, and that's accepting gold, not paper, I'll go along with it as long as you're actually dealing in gold, not paper. What you're saying would kind of make sense because we have figures of speech like "turning it into gold" by redeeming it, and if you actually do that, you have actual

gold.

I would wonder why you act so weird about it. It would seem kinda like a potential mental health issue I'd hope you'd outgrow. But it would be fair enough to respect the edgy viewpoint.

When you add NOT DEALING IN REAL GOLD, it falls apart.

I'm not gonna accept you saying "I accept gold but I'm not accepting your gold because it's not paper, and you can't blame me for the confusion because paper is gold."

At that point, I'm not going along with it.

unknown 6mo ago

This makes zero sense.

🇵🇸 whoever loves Digit 6mo ago

It makes 100% sense.

Your cognition is shutting down because you can't handle admitting you were wrong.

unknown 6mo ago

Ok 👌

🇵🇸 whoever loves Digit 6mo ago

That "passive aggressiveness" isn't helping your mental health

unknown 6mo ago

I’ll be sure to call a therapist 🫡

🇵🇸 whoever loves Digit 6mo ago

They probably can't really help. It still seems like you need to switch up how you handle weed. Either you're smoking so much it doesn't help your reading comprehension anymore, or you're using it too recreationally instead of using it to comprehend stuff.

unknown 6mo ago

Are you trying to say an invoice is an IOU? Bitcoin is still moving from Person A to Person B whether on-chain or through the Lightning network.

Bitcoin over lightning is not an IOU or Paper. The idea with paper gold is you don’t know if the paper has been over printed or if there is sufficient gold for what paper exists or where it exists. This just isn’t true with with Bitcoin over Lightning. It moves from point A to point B and it’s done.

🇵🇸 whoever loves Digit 6mo ago

A lightning transaction received in a custodial wallet is an IOU.

A lightning transaction sent with current technology is an IOU due to the inability to verify all the electronics and software in any network segment with 2 nodes in it (or probably even 1 node).

A volume of lightning transactions sent with similar, but more verifiable technology, would encourage custodial wallets, thus eliminating many real transactions and replacing them with IOUs, thus directly making those ones absolute IOUs, and indirectly making all the others relatively more IOU-like than actual Bitcoin transactions (which are also relatively IOU-like with current technology).

You're pretending lightning can't be "overprinted" like paper gold, when it's very easy to understand how it's possible and you've probably seen it happen firsthand. Cult brain does this to you.

🇵🇸 whoever loves Digit 6mo ago

Also, an essential difference that makes Bitcoin less IOU-like is there's actually a lot of evidence it can't be "overprinted" instead of obvious proof that it can.

unknown 6mo ago

I was very clear. My node. Self-custody. I own the channel. I own the keys. No IOU.

You’re changing your argument, or you are finally adding enough detail, that I’m starting to understand why you’re so confused.

🇵🇸 whoever loves Digit 6mo ago

I cannot verify that, so it's an IOU.

And I can verify that your statements are misplaced and cause harm, so it's a much worse IOU than Bitcoin, because Bitcoin only has the "can't be verified" part, not the "definitely insincere and causing harm" part.