Replying to Avatar Joda

I don't really understand the criticism of Lightning. It's not harming Bitcoin; it's just a pain to run a node. The idea is that it will be the transport layer for other layer 2s. It also has privacy that would make it quite suitable for dark markets, especially if the market ran its own ecash mint.

I agree it seems devs are quick to build an EVM on Bitcoin, but since some of them require no new OPcodes, they will be deployed whether we like it or not. Maybe some of the market for wrapped BTC will come over from Ethereum.

Part of the value proposition of Bitcoin, and the reason it holds the highest market value, is precisely because it doesn't "move fast and break things" like all other crypto.
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goatmeal 1y ago

dude we are well past the point of bragging about not moving fast and breaking things. this is an intervention where someone's gotta stop huffing paint behind the dumpster.

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Joda 1y ago

I'm not opposed to large centralized nodes, depending on how much authority regulators are able to impose on them. It's another case where it doesn't matter that not *everyone* is running a node, as long as anyone *can* run a node.

Complaints about liquidity being complicated are certainly valid. However, offline payments are almost here. IIRC Phoenix is launching soon.