That sucks, doesnât it, that he didnât fund opensats, but thatâs a red herring and not the debate. Saylorâs issue is with unrestricted core development. He said as much in Liveraâs podcast. ODELL implied that funding was offered but it had âstrings attachedâ.
Lightning doesnât suck. Itâs just that you want to use it for use cases it likely canât support with its channel-based architecture.
I too miss the good olâ days when fees were low. We all knew that wasnât going to last.
Itâs clear that Lightningâs destiny is to be used by large institutions and federations. We, the plebs, will be kicked off to higher L3s and federations like Liquid, fedimint and ecash. Those federations will use Lightning to exchange with each other. Donât blame me or Saylor. Satoshi made those rules when he set in motion fee increases on L1.
If you think bitcoin should be used as payment by businesses, you need to first understand Greshamâs Law and Thierâs Law. There is a natural progression and you seem to be trying to jump steps. There are no shortcuts. Iâm happy to explain more.
Sure, bitcoin is anti-fragile, but only if we protect the protocol. It has a weak spot which is core. Read up on the blocksize wars to understand how close the battle was. We all came close to living in Craig Wrightâs world.
Donât gaslight me with the âyou donât have to update your nodeâ bullshit. If you believe that, you donât understand how software requires continual maintenance just to stay working. If we didnât update our nodes, those nodes would die in a decade.
A free market has choice, and there is only one monopoly here, isnât there?
I can tell your heart is in the right place but you need to start getting into the details. The core network needs to be protected and defended so we and our descendants donât lose the gift Satoshi gave us. Donât take its success for granted.
I can tell youâre making a lot of assumptions about me.
Like I said there are projects that wouldâve gotten funding through open sats including those layer 3s like cashu. And more funding can help with the maintenance. But if you think core can be corrupted and that will hurt bitcoin, then it inevitably will happen. Itâs only a matter of time. But if bitcoin is anti fragile, then core canât destroy it.
Thread collapsed