Banks are already broke. Hard to understand how broke they need to be to get liquidated.
As crypto VCs keep failing (good riddance), it is best to reiterate:
Bitcoin, not crypto!
Discussion
I’m a full stack developer that’s been building, experimenting, and growing in both BTC and ETH for 8 years.
There are simply things that can not exist on bitcoin, regardless of Lightning, and that’s not a bad thing. For finance to be truly decentralized, ETH, and thereby crypto, need strong developers who aren’t going to swoon over a few dollars.
Crypto VCs for the most part invest in junk. Dev is mostly focused on junk, but there are a few of us working on real tools and systems to change crypto and life for real.
Don’t lump us all together as shit coin Devs. We work too hard.
Appreciate your efforts but the fundamental differences between Bitcoin and the others in terms of what matters as a monetary ideology are mind blowing.
You can actually build any smart contract on RBTC sidechain which similar security to Ethereum; less decentralized, federated fashion. As a developer, nothing wrong with learning other tech for inspiration.
That said, rug pulls, crypto VC failures, speculation associated with crypto are all distracting people from the real value Bitcoin is bringing:
Decentralization
Store of value
Medium of exchange
Censorship resistance
TLDR; We are waiting for crypto people to grow up from playing around with jpegs and unite around what matters so that we can change the world by defunding wars and giving people the sovereignty.
Bitcoin now has everything other cryptos can offer and can't offer. No excuses anymore.
Nothing you’ve said here isn’t factual.
A lot of us are waiting for the same thing. We’re also ready to do it ourselves.