Yeah it's the condrum faced with gold reserves and the creation of promissory notes
Bitcoin is gold. Lighting is promissory notes.
The question becomes does the promissory notes match the bitcoin?
Discussion
The key difference now is we can verify and settle instantly. No blind trust in banks or governments. Just math and final settlement when needed.
The real question is: will we build responsibly so those “notes” stay honest? Protocols give us the tools. It’s on us to use them well.
Doubt it if you look at core. Idk about lighting either, right now Bitcoin seems pretty confused about what it does, let alone what problem it solves.
Until we find a real use case for it, it'll remain speculative and a greater fool theory.
If you want cash, use monero.
If I want digital store of value, maybe Bitcoin or PAXG
Bitcoin isn’t confused…the observers are.
It’s not trying to be everything to everyone. It’s solving the hardest problem first: absolute scarcity and decentralized trust. That’s the foundation. Every other use case, from Lightning to custody to censorship resistance, is built on that bedrock.
Monero? Great privacy, but no credible decentralization roadmap or supply audit. PAXG? Issued by a centralized entity with counterparty risk.
Bitcoin stands alone: unforgeable, unprintable, unstoppable.
It’s not about finding a use case…it is the use case. Now it’s on us to build, teach, and prove it.
decentralization roadmap? huh?
what is your compliant with monero centralization?
also supply inflation is audited with every block.
details at
Good questions. Monero’s done solid work, especially with inflation audits. I respect that. My concern is more about its smaller dev base and node centralization compared to Bitcoin.
Bitcoin’s supply is fully transparent and auditable by anyone without complex cryptographic assumptions. That level of trust minimization is hard to beat
but tbh
nobody actually verifies the Bitcoin supply themselves.
they trust the code to do it for them.
yes Monero has additional complexity.
but it isn't really THAT different for the end user
and also, the Pedersen commitments that guarantee Monero supply are old and well-understood.
not really arguing, just a different perspective.
as people become more used to the idea of Bitcoin
they will become more comfortable trusting cryptographic primitives.
Bitcoiners now are just like precoiners from 2014,
willing to trust certain specific primitives they don't understand. but not others.
The key difference of trust is big for end users
Monero is more decentralised with the least amount of barriers to entry for people to earn monero. That's the thing too, Bitcoin earning is exclusionary. If you can afford a miner, that's one thing but then also having cheap electricity benefits you as well.
The more I think about Bitcoin these days, the more I really look at it, the more I start to see these snags