Custodial "Layer 2" federatoooors are the new shitcoiners
Just as shitcoiners rode Bitcoin's coat-tails for personal gain, Federatoooors are running the same playbook with Lightning
Lightning is the intransigent minority, scales sufficiently, and is not going anywhere
I think we will see a range of things and there will be nuance. Some federated layer 2 systems will make better, more distributed, more secure networks that support openess and each other. Others will likely offer a fractionally backed token and be more of decentralization theatre. And all in-between. Caveat emptor.
Federations aren't layer 2 anymore than an SQL database is
It's all theatre, that's the point
Lightning is the minority. Because it doesn't scale.
FTFY.
As reusable Bitcoin transactions it scales infinitely
The UTXO set might not, but that's a feature of 21M, not a deficiency of Lightning
Soooo... its going to remain the minority because it doesn't scale number of users. Ack.
What arbitrary number of users do you have in mind?
If 21M isn't enough for you then "scaling" is shitcoining
I would like bitcoin to be used by the whole world. So lets try 8billion. So no, 21million users is not enough and would still be a minority.
You seem very middle curve in your takes, sir. Have an above average day.
Oooooo. I recall now. You're the guy that thinks ecash is a government psyop.
😂😂
Carry on, good sir.
It's banker tech, not Bitcoin
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You want 8b to use shitcoin*
Lightning is the minority. Because it doesn't scale.
FTFY.
Do you mean stuff like stacks, or are you talking about ecash
ECash
I don't think stacks tries to hide the fact it's a scamcoin
Can you justify this position?
Yes, shitcoiners are attempting to trojan their scams into Bitcoin projects and pretend it's scaling.
2014 all over again.
Can you explain how ecash is a scam?
More like ECashers are scammers.
ECash *could* have legitimate internal uses, like access tokens.
Instead, NGOs and their useful idiot Federatooors, who are taking handouts in exchange for pushing it as a Bitcoin payment layer- are scammers.
Which specific NGOs and people are you calling out?
i'm waiting to see where ark goes
source routing makes lightning brittle
side chains are not in the same category as lightning, which uses game theory and commitments to maintain low trust requirement - it's only one risk at a time per channel you run, not risking a whole stack on one network that you aren't a validator on
Sidechains aren't in the same category because they're not Bitcoin
Lightning is Bitcoin
