Replying to Beiner

Bitcoin is about becoming self sovereign in the future most bitcoiners will be running a node and ordinals won't be a thing. Btc inscriptions will be used to confirm ownership of things like land and houses or cars or I can inscript my identity to the time chain btc will become the world currency because of the scarcity..
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Sir Brian of London 2y ago

LOL the Ordinals craze makes running your own Lightning node insanely and stupidly expensive so only a few thousand zealots will do it.

Opening channels and then re-opening them when they force close because of bugs and subtle incompatibles in all the core software, oh and Tor being such a crappy system to run on, makes Lightning node running stupid at small scale. Sure it is a few sats at 1 sat/Vb but at 100+sats/Vb you have to be made of money to do it.

99+ of Lightning use will tend to custodial solutions and you’ve just recreated the horror of the banking system with different middle men.

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Beiner 2y ago

No one that understands btc will hold their whole stack on a lightning node.. lightning network was designed for day to day transactions and micro transactions not to hodl your stack.. so my stack is perfectly save so are my sats. And every 4 years my purchasing power will increase significantly that fees lmao won't be a thing.. dont be like toys r us and not believe in what works and be left in the dust.. you have countries running this network that you claim will not work in the future lol funny lol the future is here and if you dont embrace it well...😉😉

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Sir Brian of London 2y ago

If you believe in ever increasing value of BTC that means the fees you ignored in the past will one day be significant wealth you threw away when you could have been staking sats on Wallet of Satoshi and letting them absorb the costs.

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Sir Brian of London 2y ago

You just made me think… according to Bard… there are 13.75 million vehicle transactions per year in USA and 278m personal and commercial vehicles.

If each transfer of a vehicle (in the USA alone) is a BTC transaction (because you’d want to record change of ownership as the bare minimum) that’s 9.2 months LOL. Assuming no other transactions.

Bitcoin in its present form cannot be used for anything beyond finance (and even that is looking ropey right now).