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tuco 1y ago

nostr:npub1yn3hc8jmpj963h0zw49ullrrkkefn7qxf78mj29u7v2mn3yktuasx3mzt0 : Why lightning?

nostr:npub1lxktpvp5cnq3wl5ctu2x88e30mc0ahh8v47qvzc5dmneqqjrzlkqpm5xlc : Because we want to replace all fiat with Bitcoin, and if Bitcoin doesn’t circulate, then it’s worthless. What are you gonna use? Are you gonna get your Bitcoin back in a bank and get a token, another fiat currency? No! We don’t want that. We want to create circular Bitcoin economies, where you produce something, and I pay you in Bitcoin… and use Bitcoin in an almost closed circle.

Because if you keep your Bitcoin in a hardware wallet and don’t do anything with it, just waiting for it to explode someday or whatever, this ain’t going nowhere. They’re even going to create more central bank currencies, tokens, shitcoins, stablecoins, and all that crap.

It needs to be said once and for all: we need to cut this nonsense and start using Bitcoin as money!

https://youtu.be/qirO9vvrLsQ

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Discussion

ed
ede3d957... 1y ago

That boat sailed long ago. Monero is the money. Bitcoin the hard asset.

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Chuck Langstrumpf 11mo ago

IMO it is a hard asset only because people do not understand it. It will change once they start enforcing taxes on BTC gains and everybody realizes that the state knows their address and their balance.

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JohnySats 11mo ago

I understand the point, but I think that speech is more for people who have a lot of Bitcoin accumulated. Those who bought below $10,000 or even less.

For newbies who are just starting out, it's not practical. They just want to stack sats. Also, when buying Bitcoin you pay a premium (between 2% and 5%), so everything becomes more expensive.

Most of them prefer to spend fiat currency that depreciates with inflation, or use the credit card.

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tuco 11mo ago

Also for the ones who want to #optout the bank system.

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Hynek 11mo ago

Exactly 🔥

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sati 11mo ago

Let's try to sell something for sats them...

https://satstash.io/listings/bc36a671-49eb-467a-8d86-b55f9769c4c8

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MrNice 11mo ago

Monero is everything Bitcoin was invisioned to be x2

I only use Monero for payment. I only use BTC if there is no other way out.

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Chuck Langstrumpf 11mo ago

i completely agree but it is like fucking for virginity.

BTC does not work as money. they did everything to make it not work as money and sell it as a store of value.

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tuco 11mo ago

And paradoxically monero could be considered a better store of value because of its fungibility.

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Chuck Langstrumpf 11mo ago

Not only that. Who wants a store of value where anyone can see your balance and transactions?

Bitcoiners just live in the illusion that nobody knows their addresses.

If France should really bring taxes on unrealized BTC gains, we will see the BTC world wake up that the state knows how much everybody has and there is no escape on a public ledger.

Most people are just too myopic to see it coming.

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tuco 11mo ago

What got me lately was the fungibility definitely related with the privacy. One can get certain levels of anonymity on #bitcoin, avoiding #KYC and riding the #lightning but it’s really scary ending with who knows what kind of tainted btc and then having to explain it when you have no KYC. On the best of the cases you might get confiscated, not cool for a store of value

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Chuck Langstrumpf 11mo ago

not at all and it is already happening. as most bitcoiners just hodl, they never experienced it