But if you have all your funds on L1, it doesn’t matter if L2 is great, since you can’t even touch it 🐶🐾🤷♂️
Discussion
I may be wrong, but I see a world where majority of people just use L2s.
L1 for those who want the best security in self custody.
L2 just isn’t there yet. Feels very early
Yes its why I am very optimistic for 2024-2025 cycle.
users are going to begging/demanding for user experience, better onboarding, cheaper fees.
The fees will turn people off in droves otherwise, it’ll just be a savings account for rich people
Okay I guess we should invest in Solana just incase 😅
Pass 😂
Exactly btc is not just money but a culture. You cant kill the community overnight due to high fees. Solutions will come.
Community part is great, but it requires some to participate 🐶🐾🫂
okay you convinced me, I will be a Solana maxi now
WTF is Solana? 🐶🐾🤣🤣🤣
its like ethereum with one centralised node and huge block size. Basically ethereum on steroids but no decentralisation. The node sometimes goes off line lol.
What about we start talking about hard forking bitcoin to not allow arbitrary sized blobs of data? Or is that a bridge too far?
They can call their fork OrdinalCoin if they want.
That doesn’t seem like a workable long term solution. I’d rather mine my own TXs if I could and let them fuck around with their “pictures” 🐶🐾🤣
I think we should at least add the ability for full nodes to not relay tx's over a user specified size. Then we can increase the chances of monetary transactions getting in blocks before new oRdiNaLs hit the mempool of the miner.
I'll be running a custom node doing this in the future and make it an easy binary release so more people can do it. Power of numbers of nodes does have an effect if their shit doesn't get past us. Then the best option they have is to try and figure out who isn't relaying them to black list them. Whack a mole game that we can keep ahead of by changing our node's IP address using tunnels or renting new IP addresses regularly.
Clever stuff, but this isn’t going to help the average stacker.
so long as this "We CaN't StOp ThEm CoMpLeTeLy So LeT's NoT bOtHeR" attitude continues they will continue to do the attack.
It's spam, ffs. You wouldn't tolerate it on your nostr feed, and that's far less important.
Yep, i see that. I didn’t say not bother. I just don’t have the solution. Big difference. All of us here are here for Bitcoin to be adopted and used, I was hoping more for people than jpegs. It’ll right itself as more is developed but right now it’s an ordinal shitshow 🤷♂️
Well, I don't think it's ever going to change. Fiat is infinite. The protocol was built too open.
Taproot has opened it up
I don't get this.
I thought that satoshi built it so it could have infinite sized op_returns. Or was it Segwit?
Does anyone even understand which is which? is it Taproot? Why does taproot do it? Why did taproot have to be a bundle with schnorr signatures, or can I send to an address based on a Schnorr pubkey without going through the Taproot rigmerole? If not, why not?
I was all excited about progress with reducing space usage on chain with all the things and then this happened. And now nobody seems to know what is going on.
I think it already is 🐶🐾🫡
That’s not great if you think that already
I know that 99% of population in Japan cannot afford it, and even smaller fraction can self custody it. It may differ based on where you are, but I can only give a local impression 🐶🐾😭
They can’t afford to stack sats?
80% can’t afford to save anything, the rest may or may not choose bitcoin, but they will likely not trust it given all the incidents that are in the news, e.g., stolen keys, rugged exchanges, shitty cold storage companies that give no fucks about their customers, etc. 🐶🐾😭
Yeh its a real dumpster fire when you put it like that lol
It’s actually quite worrying, and also a wonderful propaganda angle for govts to warn away potential stackers
Well yes, because normal people have no time to worry about their life savings, so the bank it is for them. Not even investing into anything, just bank account with 0 interest 🐶🐾😭
True, i was in a bank recently and could hear people in queue moaning about current situation yet still just looking to bank for options…. This is what got me into Bitcoin in the first place, so really hope we find a way to create a workable, affordable circular economy with sats otherwise it’s just a savings account . We are very early to this bigger picture though, hope devs are incentivised to find the big solutions
I don’t have a full lifetime to wait for one. Nobody is getting younger 🐶🐾🫂
Yep, feels like a standoff right now, hodl being an only option which isn’t great for the ecosystem
It’s also keeping all of it on exchange, so I can’t preach to people to take it off of it 🐶🐾😭
2 sat/vB transactions where going through for all of October. The best way to use lightning is to open/close channels when it's cheap so that you can benefit during times like these.