Nostr Web Client

- i dont think you realize the role Roger played during the Mt. Gox insolvency. Both him and Charlie Shrem (the Bitinstant guy) hurt a lot of the Gox users by defending an exchange that was insolvent for almost a year, he defended Karpeles with LIES up till the moment of the exchange collapse. Having never taking responsibility for that, Mr. Ver was already on two-strikes for some people -- years before the fork. His track record points to being a bad actor and his string of failed companies in the space point to it also.

-What's wrong with Lightning? It's an open protocol for off-chain payments anyone can use.

-MSTR is certainly more ethical than a pre-mined unregistered security. 72M ETH came out of thin air and was distributed opaquely by the Ethuriyeum Foundation established in Switzerland

-Monero is a shitcoin

-Not that Blockstream needs defending on where their money went, but Blockstream also made a hardware wallet, a lightning implementation, launched a satellite, released liquid functionary code in addition to contributions to open source projects like Electrs/esplora -- Money far better spent than the junk VCs spend on actual shitcoins

BTCapsule 🏴 1y ago

- As I said, Roger may be the biggest liar in Bitcoin and using this message to scam and enrich himself, but at least his "lies" promote self custody and privacy. Saying "we need to change Bitcoin in order to scale and destroy central banks" is far better than "never change Bitcoin because it doesn’t need to scale or compete with the dollar". This is actually what Saylor says.

- there are many things wrong with Lightning. Fiatjaf talks about it often. Even its most vocal proponents are finally admitting it was WAY overhyped.

- MSTR is a stock, but because of its association with Bitcoin, it is being promoted like an affinity scam

- I agree Monero is a shitcoin. Unfortunately, Saylor and Todd say if we want privacy, then we should use Monero. That’s not what I want. I want to use Bitcoin.

- BlockStream raising $21 million is funny to me, because nostr:npub1nevsewvjqhrsmpfcpdqw6v3e9f6z8w9sq0yt8kpndk2cumw8g6hs5mjmve raised $3 million, and that is supposed to be suspicious. The tech behind Monero is not shitcoinery at all. It’s something Satoshi talked about, and probably invented.

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Discussion

Matt 1y ago

Ver and Sailor are just egos. The pair of them could disappear tomorrow and Bitcoin wouldn't suffer.

Lightning is a work in progress. It's okay to criticise it. It's not okay to suggest that it doesn't work when it's used constantly, day after day after day.

Microstrategy is going to come back to bite us.

Monero is a shitcoin but I totally understand why people use it as a privacy preserving tool. I wouldn't understand someone using it to save wealth although.

Blockstream come in for a lot of hate for some reason. They've got a consistent history of delivering products and pushing the space forward. I'm not a fan of VC money but if they're going to use it to build even better tools let's see what they do before criticising.

Nyoro~n 1y ago

- he isn't the biggest liar, but he's certainly up there and chooses to spend (and continues to spend) lots of time with the largest liars in the space (for example, see Craig Wright). I don't think you can say he's any "better", he's just plain wrong.

- Everything has trade-offs. Lightning allows for settling of off-chain payments at the expense of receiver privacy, hot wallet risk of liquidity, and always-on connectivity.

-MSTR is the first (and remains the only) public company that holds Bitcoin in their Treasury as a reserve asset. MSTR stocks aren't Bitcoin UTXOs and it is easy to validate that. How is it an affinity scam?

-The tools to transact Bitcoin privately are available to you already, coinjoin, payjoin, lightning payments (sender), and even Liquid's Confidential Transactions. If you cared about Bitcoin privacy you'd help any of those projects by using the tools and providing feedback.

- Funny enough, years later LayerTwoLabs can't shut up about drivechains that will never happen (BIP300 is bullshit and has gone nowhere), in other words $3 million that contributes effectively zero to Bitcoin scaling.

BTCapsule 🏴 1y ago

- Roger actually provided one of the biggest criticisms of Craig. Yes, he believed Craig was Satoshi; but if you remember everyone laughing at Craig because he didn’t know Bitcoin addresses have a checksum- it was Roger who said this.

- yes, the trade offs of Lightning are far worse than the trade offs of big blocks. Constant online connectivity is not good. But there are many more problems with Lightning. There is a reason most people use custodial wallets, and it’s going to get much worse.

- many prominent Bitcoiners are recommending MSTR and I’ve even heard it compared to a Bitcoin ETF. I really don’t care, but it seems a little hypocritical to pump a centralized stock just because it’s associated with Bitcoin. The association with Bitcoin and the inevitable pump and dump is what makes it an affinity scam.

- the privacy tools on Bitcoin do not compare to Monero or zCash. They are also very difficult for the average user to understand, and splitting UTXOs in a high fee environment is not a good UX. Confidential Transactions are not private transactions. These L2 providers have to stay legal.

- BIP300 will be available on Bitcoin very soon. Soft forks don’t require consensus, and that is why they work so much better than hard forks.