Replying to Avatar Ike

I see you are still unhappy that the development of a good L2 solution is not monero-like and not perfect outright. Has there been a serious LN rugpull/exit? Most will need to get burned first before they come to see anyway, so I do hope someone tries it.

So why would there be difficulty mechanism to prevent miners from overinflating the supply? Why is there even a supply cap? Why have the halvings at all? Are you claiming Satoshi didn't know those properties would make it an excellent store of value in a fiat-centric, inflationary environment?

The reason gold always resurfaced as medium of exchange after periods of government fiat is because during said periods smart risk-takers would hoard it, using it to store value for the future. The masses couldn't care less, they are interested in clown shows, not the real world. So in our current regime what we ought to do is hodl as much sats as possible, probably until our kids come of age. Would you agree?

Might be a good idea to have some in the event it catches on, as a good man once said. How to spend it in the most perfect/utopian way possible comes after, as a good amount have saved their wealth in sats first. If blackrock and co have gotten most of it in the end, it wouldn't matter anyway, would it?
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Saberhagen The Nameless 1y ago

Wallet of Satoshi rugged any US users not paying attention when they left.

Phoenix just announced they are leaving the US yesterday so now everyone that depended on ACINQ for lightning payments (permissioned transactions) are SoL until they close channels (paying on chain fees again) and find another LSP (that will follow suit eventually), rugged if they don't.

As Ecash grows, rugpulls are guaranteed to happen intentionally, unintentionally, and via gov force.

This is the fate of any centralized entity.

No technology can guarantee "Store of Value" just by controlling supply since demand also matters and you cant control that. People are fickle. We can speculate based on historical price and age, but that never guarantees anything.

Gold has a several millenia strong track record. Bitcoin is hardly over a decade old. Gold also has inflation. You can't audit total gold supply. Gold is also private and fungible. Everything most btc maxis hate. Yet it is still a more popular SoV (it has different advantages to Bitcoin)

I don't agree. We don't have time to just wait around and ONLY hodl. Current events should make this even more obvious. Either Bitcoin gets serious about providing uncompromising anonymity and privacy thru something like MWEB, L2, or base protocol change. Or something else is going to fill that role and BTC will become a digital pet rock and succumb to the same fate as gold.

The tunnel vision on price is the Achilles' Heel of Bitcoin. If that is the main draw...Blackrock and co already have it by the balls. Watch the new TFTC with Whitney Webb she spells this out clearly to Marty Bent.

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