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The controversy is that shitcoins poor money into propaganda and lies to convince the public that bitcoin needs fixing. This in order to make money fast for a few, not to fix a system for the many.

Somehow 1 sat is too expensive and 10 minutes is too much of a wait to irreversably settle something worldwide...

People know about XRP because of their widespread propaganda through paid shills and media, and not from its great and proven performance anywhere like ehm... Bitcoin!!

Sovereign Being 9mo ago 💬 1

It's 1 sat per v byte because we are mining empty blocks. As soon as people start filling those blocks, which would be the case if people actually started really using the L1 for payments day to day, it's suddenly $50 or more to get into the block.

Contrast this with XRP, which is ALWAYS less than fractions of a cent and settled within 3-5 seconds no matter how busy the network is, and the average person that sees this will never be convinced that BTC is a better solution. They don't care about the other unique aspects of bitcoin and they never will.

If bitcoin had these issues solved, people wouldn't need to look elsewhere.

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Discussion

MindMining 9mo ago

Why would you use Bitcoin L1 for day to day payments?

Did lightning and cashu (or even bitrefill gift cards) stop working?

XRP is centralized BS based on no solid foundation, of course it's fast!

And it's cheap because it's worthless, not because it's a good system.

It has no proof-of-work, which is up until now the best way found to have an honest decentralised network.

You know, central banks could manage the ledger of all banks and we then have CBDCs and everything will be very cheap and fast!

Settlement should be slow and expensive, this secures the Bitcoin network and rollbacks are virtually impossible.

The average person should be free to choose what the average person wants, and then fail and try again, also they need to "do their own research" but most of em don't. The last few years of average people making decisions did not spark a lot of confidence in me. The average person is fine with being told what they need and there the thinking stops. A story of Steve Jobs.

Small payments should not have to wait for settlement, same as how any credit card company works and make banking work for fast small payments. Lightning does a similar job for the Bitcoin network. But also Liquid and other ideas.

People should be more than happy to have a large payment settled for $50, because nowhere else will it happen this safe. And if it's not that important, it can wait, and the fees will be less...

On top of that, the cure for high prices is high prices in a free market economy. And one day $50 won't buy you a coffee...

Morally I am against the banking cartel (that started after reading the creature of jekyll island) I let that be another reason for not supporting any "solution" to make banker lifes any easier.

The development of XRP is also not a natural one since so much money for advertisements and paying themselves comes from a large pre-mine. And to me that is funding and promoting oneself by stealing value from others... (And that would be the value from plebs pouring money into this turd)

Not trying to change your mind, just writing down what was on mine :)