I would never move to El Savador until they legalize marijuana, until then the drug cartels are still too powerful and thus pose a threat to everyday life.
IMF says Bitcoin has become necessary financial tool for preserving wealth amid financial instability
Indeed CTV does give us the most benefits vs risk of unintended consequences for sure, some of the most peer reviewed code in all of bitcoin at this point.
Gotta love the tweets coming from non-devs these days "bitcoin has no scaling issue". Maybe pickup an internet for dummies book and educate yourself.
People still don't understand both the progress that LN has made in the last few years and how early we still are.
We're literally at the command line days of dos circa 1980s in terms of evolution and though LN is growing as fast as the internet did in early days it's still tiny.
People didn't understand exponential growth with the internet until after it penetrated the planet, and the same will happen with LN.
What people don't seem to understand about Runes, BRC-20 an the like is that they're completely centralized and require complete trust in order to view what's on the decentralized chain.
No your JPEG will not be there forever, yes an arbitrary representation of the data will be, but will only remain viewable as long as that centralized company is around.
In addition to this each company that actually could read your arbitrary data could end up interpreting that data differently.
Happy halving day everyone!
They're trying to sell it and sell things on top of it:
Obviously tBTC should have very little value and not be used for anything but testing bitcoin related software.
The fact that degens are trying to do anything more with it shows you how early we are.
Very much love how companies like Cash App and Strike who are using LN at scale right now continue to prove LN haters wrong every second of every day. LN is only just getting started. Buckle up.
Ossification folks are not developers.
They're shouting into the void with only other non-devs to hear them.
Do you actually think developers passionate about bitcoin will ever stop wanting to improve it just because of some non-devs shouting on twitter?
Not going to happen.
In case you forgot, neither bitcoin or the bitcoin core reference implementation are democracies.
Yes. Liquid is arguably an L2 to bitcoin. The "Sats" part of the L-Sats is what's important to take away because they're trying to tell you they're directly pegged to UTXOs, meaning they're not floating on an exchange.
To be clear if you want to categorize a network as a Bitcoin L2 then it has to have direct unilateral exit to a UTXO and a native token that doesn't have floating market value.
Is the native token sats and is there unilateral exit? These are the two most important things to me, anything else is either centralized or a sidechain or both.
The "Bitcoin Layer2" scams are out in full force today.
LNHANCE is a proposal made up of CTV + CSFS + InternalKey
Pros:
-It's the most conservative and well reviewed with lowest risk of unexpected features (in contrast to CAT)
-Scales throughput on L2 by enabling Lightning Symmetry (Eltoo) so we can have non-interactive / cold channel construction
-Scales custody on L1 with certain forms of UTXO sharing like Ark and Timeout Trees
-Gives you most of the features of OP_Vault
Cons:
-Complex to understand and implement, but so is the LN and this isn't more complex than that
-Unknown unknowns, but by definition all upgrades will have this
Read more:
delvingbitcoin.org/t/lnhance-bips-and-implementation/376
bitcoincore.reviews/bitcoin-inquisition-45
See who supports CTV:
utxos.org/signals
Absolutely bonkers for HRF to focus on CISA.
It's such a huge change all for a different address format or in other words a very large amount of work for very little benefit.
Strange thing to focus on given there's so many more important things we need first.