Subnostr

I guess my star will never rise now 🫠

We all need Layer 2’s scaling, specially within a Bitcoin HUB like El Salvador, he is actually right on the fact that on chain fees will get very expensive. Maybe this recent event have triggered some people because the way it was hmmm… “implemented”. But think in a few years from now, it will be this expensive if not even more, so people will move eventually to layer 2’s.

They’re loading stupid jpgs with ephemeral and speculative value now, but it is a legit way to use it. Just like people making gold phone cases (because they can), but it doesn’t matter.

TL;DR: bloating the timechain is fucking dumb but people will do it until they run out of money. Nation states need to move to layer 2 ASAP

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Discussion

bitbuybyte 2y ago

Nick’s star is definitely burning out, but I think he is actually right on this point. I agree with you too. This is why it is so important for El Salvador to build products like Chivo that are prepared for environments like this. They have failed miserably so far in that regard.

If bitcoin teaches anything over the years, it is that everyone will be rigged eventually except for the most adversary minded and defensive of thinkers

Marce 2y ago

Yeah Chivo does need a lot of improvement

Lou 2y ago

And well, not really ephemeral. They will be in the timechain forever 😂 even worst

Marce 2y ago

I think you are right, but the problem here is the why this is happening not whether it was ever going to happen or not. It’s also very tone deaf that through this whole thing no one has ever stopped to consider about the fact that 100 USD is a lot of money for someone who makes 300 USD per month. Might not be the case of this specific user but it is the case of many here in El Salvador who are just starting to see the benefits of using bitcoin and understanding everything else might be a little beyond them…

Lou 2y ago

I mean, I know you make this post knowing the problems and possible solutions.

I think you are right too, although sadly, they don’t give 2 f*** and they actually know what they’re doing (or most of them), from what I heard I some twatter spaces, in fact they think it’s an achievement 🤦🏻‍♂️

Marce 2y ago

Sad 😞