I have always advocated a partial success of bitcoin and it is being fulfilled to the millimeter, bitcoin will only be used by the elite to protect themselves from monetary debasement, the elite will prevent the plebs from being able to buy and use it, and the plebs will applaud.
Discussion
And the plebs will actually be lead by politic demagogues to attack other pleb bitcoiners. Bitcoiners will be blamed for the inevitable financial reckoning. Be careful when mentioning bitcoin and who you reveal yourself to, I feel like I already revealed too much of myself to too many people.
With Liquid introducing USDt and now Lightning Labs doing the same in Lightning Netowrk, sooner or later the weight of the law will fall on these networks, Liquid will be the first to fall since it is a federation operated by companies and with transaction obfuscation (confidential transactions) on top of that.
Lightning Network will fall next, screwing the custody nodes first with KYC like Blink that already offer USD and then the LSP operators.
Meanwhile blockchain transactions on the Bitcoin network will go up for shit like ordinals, stamps and runes, which will make the plebs unable to access the Bitcoin network to execute transactions.
Bitcoin will not have a scaling layer and will not be able to reach everyone, meanwhile the masters of the world will laugh, only they will be able to access bitcoin and protect themselves from monetary debasement.
By Nostradamus.
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There is nothing stopping the plebs from stacking now and everyone had a chance since 2009. Even with current distribution it is still the most pro plebs distribution of store of value that we ever had in human history. That is normal I think.
I agree with point of millions being priced out but the same people are totally not interested in domain change that requires immediate reaction, upgrading both skill and understanding of what is going on.
It's their fault. Some pay attention and some party on Titanic upper decks.
Yes, I agree with you, but imagine the situation in the medium term:
The fees are $100 per transaction, which prevents the plebs from opening Lightning channels, and there is no longer Lightning custody are KYC, on the other hand Liquid either becomes KYC or closes.
It is not such a far-fetched situation, and the masters of the world would control BTC through KYC.
The fees will be higher but as we see now the Armageddon of those high fees chilled down...So may be that can be avoided.
What I want to say is that with all that this protocol is the only chance humanity has for not ending up as cyber slaves for centuries.
I am not a dev but I know that there is a lot of people who work to not make that happen and Until they code we have chance. I support that and I believe that #bitcoin will break this system...it will a rough and dangerous ride but we all have work to do.
Those who don't are lost already.
😂 Only chance my ass.
Stop creating new mental prisons to replace old ones...
Get out of the fucking cities, stop doing as you are told, expend a modicum of effort to procure what you actually need without a middleman.
Come to this note in 5 years.
Glad you see it.
👍
There are other L2 layers being developed, the hedgehog protocol seems promising with its unstructured simplicity.
I meant that there was no longer any custodial lightning without kyc.