Lets be honest. There are other crypto currencies that exist that offer similar benefits, and arguably a lot more potential. Many of them have technologies that are considerably more advanced since they have learned from the problems and faults of bitcoin. One obvious example would be scaling. So why confine the discussion to bitcoin only? To deny this is closed minded and autocratic. I thought that nostr was supposed to be about freedom?
If you think ordinals are some sort of justice that takes away control over Bitcoin from toxic maxis, you have entirely missed the point. And you might just have to go back to reading Satoshi’s White Paper one more time.
A Peer-to-Peer Electronic Cash System. Emphasis on CASH. Why am I so focused on that specific part? Well, because that's what Bitcoin is—money.
With all the exposure most bitcoiners have had to the positive effects of the Bitcoin law in El Salvador, you should understand its purpose by now. No?
We are far away from a hyperbitconized world. Still, with a little adoption worldwide, we can see how Bitcoin changes lives, gives opportunities, and brings economic justice with sovereignty.
Ordinal theory is just a way for privileged people to keep the fiat status quo alive at the expense of humanity's one pure opportunity for actual freedom. And if you don’t see it or understand, if you think there is one more application to Bitcoin, and this is all just fun and games, I invite you to come to Latin America.
Bitcoin is far too important for us to think that experimenting on layer-1 is just a part of progress.
Progress happens when you can keep your savings and use them as you see fit without being dictated by central bank policies. It's when you can provide for your family with your earnings from yesterday without worrying about greedy bankers printing more money and taking away from your ability to put food on the table today.
JPEGs are not progress. Being able to stay in your country and build a life is. And if you can’t understand that, maybe it is time for you to walk out of that mental cage and step into the real world.
by nostr:npub1y67n93njx27lzmg9ua37ce7csvq4awvl6ynfqffzfssvdn7mq9vqlhq62h
Discussion
Uh what? Which other cryptocurrency is a fixed supply asset with an incorruptible monetary policy?
You’re right, we should leave bitcoin alone. Old tech.
Leave the NFTs to the “more advanced” cryptocurrencies. Keep the timechain pure.
Also… Bitcoin doesn’t scale? And you’re posting that on Nostr? A protocol with lightning deeply integrated 😂 😂 😂
I said "bitcoin does not scale". Try reading the comment. Lightning is NOT bitcoin. It is lightning. A centralized L2 for payments which most people do not use.
To open a channel on the #LightningNetwork, one has to create a smart contract on the #Bitcoin chain.
#LN is Bitcoin.
If Lightning isn’t #bitcoin then what the heck is all this bitcoin doing on our nodes?
What do bitcoin nodes have to do with lightning? I am just trying to understand how this works.
#[5] just told you. What part are you seeking clarification on?
#[6]
A bitcoin node that runs the Lightning Network protocol creares timelocked multisig transactions called channels using bitcoin to enable very low or even no-fee forwarding of payments between peers. The transactions have immediate final settlement, can be withdrawn and spent, and when the channel is closed, the transaction is broadcasted to the bitcoin blockchain. There is no token used other than satoshis, the smallest units of bitcoin.
Thanks
This video might help too.
Thanks for explaining. My understanding was that bitcoin does not support smart contracts. At least ones that are turing complete like solidity. What is the purpose of blockstacks? I would like to understand bitcoin better.
Eth is a deflationary asset since fees are burnt on transactions. This is what I was referring to about sarcasm and personal attacks when you don't have any factual points. This is why it is impossible to have a civil debate here.
Since when does ETH have incorruptible monetary policy?
I'm sorry, ETH ain't money. It's a premined shitcoin where a small group decides the monetary policy for the near future - similar to FED.
This is what I mean about not being able to have a civil discussion with bitcoin maxis. Eth has a monetary policy just like bitcoin.
That is false. Bitcoin's monetary policy is not incorruptable since it does not have coherent governance: https://medium.com/cyber-capital/the-six-principles-of-blockchain-governance-33c9b605adbb
it is, that’s why the majority opt to use freedom money (#Bitcoin) vs other options
Definition of money. "Money serves three basic functions: it is a medium of exchange, a unit of account, and a store of value" Bitcoin has not proven to be any of these things after 13 years, despite the hopium. There are many alternatives which claim to offer "freedom money" None have succeeded so far
Thank you for proving my point that it is impossible to have a rational discussion on this platform, unfortunately. Its a shame, since I think that Nostr is a good platform. But the community is toxic, closed minded, and cultish. Maybe I will try to do the blocking thing for now, and see if it can be improved that way. If not, I will abort
Well, if you couldn’t grasp the concept of , it’s not a platform then I’m sure it’s going to take a while to wrap your head around the rest of your uncertainties. , blessings on your endevour , Peace!
You started with a lot of assumptions. If you would like to have an open discussion it would be better to start openly and with substantive topics. What is your point, is it just to rant?
No, I was replying to some report that was posted here. I was trying to point out some misleading comments that were made in there, and that other points of view may exist. Its a little hard to follow threads here, and what I was replying to originally. But it probably strayed off-topic. I appreciate your offer to have a civilized discussion with differing points of view.
When I try to go back to the parent note, it gives me an error and it says the note can't be found