Bitcoin isn't just another bank-tied asset. It's independent, run by its users, not banks. They can not just create bitcoin out of thin air and loan it out. #bitcoin makes banks obsolete
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at the beginning it thought so too. but that is just not true.
Oh so you have discovered a way to create #bitcoin out of thin air? You know how to get more than 21 million? Please share your secrets. My node would love to hear how you plan on tricking it to accept your newly invented #bitcoin?
how do you prove the satoshis in a custodial lightning wallet are fully backed by actual bitcoin? every wallet provider can run a fractional reserve if they want.
What does lightning have to do with #bitcoin? We are talking scalability without lightning. I was saying #bitcoin can scale with the code it has today. That means without lightning. It can scale because demand for transactions will go down because of the deflationary nature of technology improving
sure, 7 tps will be enough forever. As 640kb of ram was in the 80s
In the future that will be too many. What do you buy when you can 3D print everything you need? You can even print your own 3D printer. You might say well you have to buy the filaments. Or I can just buy one machine that makes the filaments from natural resources around me. Then I can just keep printing more of those. And that goes on and on and is only one example of how fast the demand to transact will go down. Especially now with the rapidly accelerating advancements in AI
sure.