#music #UglyKidJoe
Thank you for the scolding! I deserve it! ๐
Imagine how stupid I was without it :)). But I like this stupid mistakes I made on #nostr. I learn a lot from them. At least to practice my patience ๐
I don't understand this ? nostr:npub1ztyqtftdkt6q36gux3xptn4ldv7sdpqka3rvhvlmna50e9t7kx4qk5kfjr nostr:npub14f6xcqnv8vmauty6wg0mlrs3qg6llwe4lxtzqqpdnlmqah47nxrq60qvty nostr:npub12gu8c6uee3p243gez6cgk76362admlqe72aq3kp2fppjsjwmm7eqj9fle6 nostr:npub14g4yjyauyyal99cndt45j2epsenjtp3855nxqfu77c5dzhpwd2kqcgszwk people pleasse explain like i am a 5 year old ? nostr:npub1rjwumr7j6tac08t0qttvc44walt549nc4eyyxjc0phn6yxzj7uzq0accc9 Why ?? ๐ง๐ผโโ๏ธ๐ง๐ผโโ๏ธ๐๐ผ
Iโm stupid!
GMโ #coffeechain
About scaling and self sovereignty on Bitcoin:
As this has become more of a topic the last 3-4 months, much thanks to Peter McCormack, I've had many thoughts around this pile up, but not quite being able to articulate them well.
Yesterday I listened to nostr:npub12rv5lskctqxxs2c8rf2zlzc7xx3qpvzs3w4etgemauy9thegr43sf485vg on Citadel Dispatch, and this one quote from the podcast was sortof a light bulb moment for me:
"Ecash is not a scaling solution for Bitcoin".
This in many ways sums up the concerns I have around scaling for Bitcoin.
Basically what he said (if I can take the liberty) is that unless you PRESERVE the properties of Bitcoin, then you ARE NOT scaling Bitcoin.
I guess there is some nuance there, as any layer 2 etc, will not be the exact same thing, so what will such a criteria look like?
But looking at the overarching picture, you want the ability to self sovereignly hold your bitcoin and to be able to transact freely with it.
This is basically the problem Gold ended up having.
Fiat was layer on top of Gold that made it much more efficient to store and transact with. But it DIDN'T PRESERVE THE PROPERTIES OF GOLD.
It could be debased, and it could be censored.
The big challenge for Bitcoin IMO, is that we don't end up in a fiat 2.0 situation.
What I mean by that is that Bitcoin is reduced to a financial asset and base layer for institutions. But for the vast number of people, they are interacting with a layer on top THAT IS NOT PRESERVING the properties of Bitcoin, and are thus faced with the same problems of debasement, censorship and surveillance as we have today.
GM!
Thank you!
#TheRogueBatch #nostr
#Bitcoin #coffeechain 2nd #coffee 
