Bitcoin and the imperfect world

As a Bitcoiner you must accept that the world is imperfect and that Bitcoin is imperfect, it is the only way to win the war, otherwise you will not even win battles.

Why do I say this? I see a lot of lack of pragmatism in the Bitcoin world and a lot of idealism that is useless.

To make it clear, let's assume the extreme case. Bitcoin right now doesn't have a full scaling solution, that doesn't mean it can't be used by everyone, what it means is that it can't be used by everyone with self-custody. In a world where everyone uses Bitcoin and Lightning is the norm, not everyone would have a Lightning channel because technically it would take decades to open all the necessary channels and the fees would be unbearable for ordinary mortals.

This brings us to an extreme scenario where we mostly use Lightning with escrow.

What have we solved? Well, with respect to the previous scenario where we used custodial and forgeable money, we have moved to a model where we use custodial but unforgeable money.

It seems silly but you would have gotten rid of the currency devaluation.

This is the worst case scenario for the future as things currently stand, as Bitcoiner we have to fight to reach the ideal scenario which is money with self-custody and without currency devaluation, but being aware that perfection does not exist and that we will have to accept trade-offs.

What do we currently have? We are going to order it from smallest to largest and we are not going to include anything that is not yet in production.

Custodial lightning - ecash > Liquid - RSK > Non-custodial lightning > Bitcoin on-chain

So what do I mean? That don't rule out any option, use them all, everything is valid because we don't have any magic solution to scale Bitcoin.

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Discussion

“The evolutionary theory of bitcoin” Live! Now! A sight to behold.🌅

I agree, if Bitcoin get used on worldwide scale or at least several countries scale, the majority will have to use custodial services.

It's an argument difficult to defend as a Bitcoiner, you can not claim it's p2p, you cannot claim "not your keys, not your coins", but the fact that anyone can be a custodial, anyone can choose any custodial he likes and trust and thaz you can switch from one to another on a blink, is already a huge win over the current banking situation. And of course, finite money is the number one argument.

Imagine when you will explain your grand kids that you where running a full lightning node with lnbits and boltcards for your family and friends on miniPC or VPS, it will be crazy to think thhat it has existed, as much as it is crazy that we were zaping people 21 sats and before that a guy bought 2 pizzas, on-chain, for 10kBTC.

We are still very early!

#Bitcoin #FutureOfMoney

100%!!!

Yes, the only problem is that you can only choose from a preaproved pool of KYC custodial services. Beats banking though... Ideal? No.

Monero fixes this 👀

No

I’m using:

- fiat cash for maximum privacy because is more acceptable than monero or other shitcoins.

- BTC on main chain just for store of value.

- lightning just for small transactions (rarely)

Depending on your technical skills, Monero can be more private than cash.

Serial numbers are all tracked.

So ATM -> you -> merchant -> ATM is fully tracked.

With FCMP in the near future you don't need to rely on your cash trade partner to do the right thing.

MONERO even is more private but when I want to spend it on basics is not so acceptable that’s the problem not the privacy . Cash are more easy to use and accessible, acceptable and relatively private .

And I heard that if you swap it for lightning ⚡️ because there’s no xmr option, MR.ROBOT doesn’t kick you out of the gang

I don’t care about monero

Yeah cash is great. Use it as much as you can.

Do it like the Argentinians.

Store value in Bitcoin. Use Monero wherever digital cash is accepted.

I repeat: normal people don't use bitcoin, they haven't even heard of that obscurity called monero; they accept cash easily (for privacy) . If they accept bitcoin I will definitely use bitcoin p2p properly as it was designed (and definitely not monero) .

You are underestimating Monero because you are a fiat price maxi.

the biggest stupid thing I've ever heard🤣🤣 and you buy anything with monero anywhere? I say stop. Sorry I don't have time to explain and try to convince you;

I've bought plenty of things with Monero, wine, hats, a book, snack bars, and more.

Anything you can buy with Bitcoin, you can basically buy with Monero too.

Now, yes granted for some things we're still early but there's workarounds like https://trocador.app/ , and https://cakepay.com/

Trocador let's you send Monero to an address, and Swap to Bitcoin, they even have a merchant tool for this called AnonPay.

Cakepay is a monero gift card website similar to Bitrefill.

And In most multicoin merchants that accept Both Bitcoin, and Monero, Monero tends to be just as big, if not bigger than Bitcoin.

People spend Monero, and I'm one of them ✋️😃.

There's also coincards. Monero usually dominates their giftccard service as well.

I bought almost anything with Monero already and you'd be stunned how many people know about it or even accept it.

I am already on a Monero standard meaning that I only need fiat cash and Bitcon so often.

Cash is great locally but isn't digital. P2P digital cash is a new category and original goal.

I can't instantly send someone money anywhere on the planet with cash or do a lot of other things that are only possible with p2p digital cash.

For digital I use btc p2p

Cash is p2p and private, but not digital

Bitcoin is p2p and digital, but not private

Wallet of Satoshi is neither p2p nor private

And monero is digital and private and infinite supply and no one heard and use it; not store of value 😁

Monero is a much better store oft value thsn cash. It's supply is smaller than BTC's and inflation is about the same.

Long term viability is secured for Monero but unclear for BTC.

Let for me btc and keep your shitcoin on long term

I use it as money and store of value 😉

"infinite supply" > This argument really ?

"no one heard and use it" > Are you serious ?

"not store of value" > Thanks for the joke 😄

Monero seems ok isn't ?

Do you know what fractional reserve does? Because that's what will control price in the near future.

Monero has been there. That's how we know and it's the nain reason we celebrate delistings. It's the price to pay for government licensed adoption vía custodians.

Only a couple of people will hold non KYC UTXOs, and they are easy to single out against the unconscient masses that rely on fractionally reserved and full KYC custodians.

KYC fulfills two things. It enables taxation. And it enables to have a full view of the regulated Bitcoin network to criminalise those who play not by the rules.

Utopianism is an easy trap to fall into for Bitcoiners.

‘Fix the money, fix the world’ is as harmful of a meme as ‘Bitcoin is inevitable’

💯

There are many ways.

Custodial Bitcoin is a scam, at this point, let's go to Monero or Gold / Silver you will be more sovereign. How can you accepting the third party involvement ?! NOT YOUR KEYS NOT YOUR COINS