Biden is a stooge too. Both parties are owned and controlled by the same masters and they use them to keep us all distracted from the reality that they are stealing from us. All the most divisive issues are shoved down our throats so we are too busy fighting each other to realize what's really going on. If Trump were such a maverick, why would the entire GOP back him so hard? They don't want anything to change and he isn't going to change anything because he is just a tool to promote outrage.
You can't even vote for them and you're all caught up with it anyway. Seems like you're the one that's brainwashed. Why don't you worry about what's happening in your own backyard? Get people that are pro-Bitcoin elected to your own government. That's something you could actually have influence over, instead of campaigning for a tool that doesn't even represent you. Stop focusing so much on the "big picture" and start paying attention to what's happening in your own community. The lesson of Bitcoin and nostr is that change starts from the bottom up, not the top down. The president of the United States isn't even the top anyway. It's the people that pull the President's strings that are really in charge, and there's no way to vote them out.
>"Bitcoin, it just seems like a scam," Mr Trump said. "I don't like it because it's another currency competing against the dollar."
>He added that he wanted the dollar to be "the currency of the world".
Care to explain the correct context? Looks to me like he is just another stooge of the bankers.
You know Trump has come out against Bitcoin right?
It's a reference to the 21 million total supply cap of Bitcoin.
UK 🇬🇧 reduces national debt by $2.3T (from $3.1T) by changing the rules for how the debt is calculated. The headline national debt number is now offset by publicly held assets, regardless of if they can be sold or not, and with questionable appraisal values. This happens just as the debt to GDP ratio reaches 100%.
One British MP was quoted saying: "looks like borrowing is back on the menu boys!" While smacking his lips and drooling over a porky govt spending bill 🐖
(Ok, I made up that last part)
🤡🌍🇬🇧
#Bitcoin #Economics
https://www.marketplace.org/2023/05/17/uk-national-debt-public-sector-net-worth/
I see what you're saying. I think eventually people will be getting on lightning and never need to get off. If you have all your sats on the lightning network in a way that you trust and meets your needs, then you'll never really need layer 1. When more people are using lightning they will be able to onboard other people who have never used Bitcoin into lightning as well. There will be lightning channels that persist for years and facilitate billions of transactions. Those lightning channels will have only needed one on chain transaction to be created, so I think 260m is probably enough.
I think you're making a lot of assumptions about what LN is capable of, and what it requires in layer 1 blockspace to do it. It will get more efficient over time, and if it does start to reach capacity there will be new solutions thought of to deal with it.
Or maybe there will be a more valuable use of blockspace than opening and closing channels and LN will die. Either way the market will figure it out, I wouldn't worry about it.
Works. Had to look at your profile to get it to update. Sorry I'm out of sats, no 619.
Custodial lightning will probably play a huge part in getting the masses onboarded. Most people do not care about self custody and are fine with trusting a third party. I think many people will only use Bitcoin on layer 2 for most of their lives. It will eventually be too expensive for the average person to do much on layer 1.
I know Bitcoiners will probably cringe at this, but I think we will have a lot of trusted institutions that take care of much of the back end of running lightning and dealing with layer 1. I'm talking in the distant future here btw. As long as they are not able to change the protocol then it should keep them honest, and they will hopefully be structured so that they can't just run off with people's money.
In the more near term I think self custody is still important to protect yourself while these institutions build themselves out and establish trust. We already have some promising ones with Strike and CashApp. I bet MicroStrategy is going to be a big player too.
As the Bitcoin network grows the existing players and new players will rise to meet the demand. More BTC will be locked up in lightning channels and the network will grow more robust. Then there will also be layers built on top of LN like Fedimint and Cashu.
It's mind boggling how this thing is progressing. Most people are completely clueless to how much progress is being made.
That's it. No more.
Alright it's over. Don't expect that every time from me lol. I just wanted to get noticed on the board a bunch at Bitcoin Miami.
Long tap on the zap in your nostr client.
