I feel like these new Bitcoin L2s can never go anywhere, even those that aren't scams, because they are tied to companies and centrally controlled, even if not strictly custodial. This is probably valid for Ethereum L2s too, zk-rollups and whatnot.

If you're an external individual or company you shouldn't really be investing time and energy and your brand into a thing that is just another company with zero network-effect. You would have to be part of that growing network-effect and you shouldn't do that organically and for free (this is probably why these things always do a lot of "partnerships"), and we need that organic stuff for Bitcoin to work.

The Lightning Network was beautiful for a while because it met all these requisites, and it had a chance of working, but unfortunately that wasn't meant to be. Drivechains could also meet these standards, as they would necessarily have to be tacitly approved by the community at large in order to work, but I don't know what else.

Maybe Liquid and Rootstock get enough lindyness on them after so many years that they become dissociated from the companies and start to be perceived more as public goods, and that causes them to be more used? I don't know. Mercury statechains could also be a very nice neutral scaling solution if more than one company started to run a signer server.

Ironically you describe why Monero has value. Privacy is something that can be achieved (non-custodially) only on L1.

And by that you declare maximalism as a dead end/ ideology.

Commerce will require the L2's.

The layers above the base layer forms a free market of options secured by competition. Every form of money have a payment layer and a settlement layer. It's the base/settlement layer that must be neutral and decentralized. That's the beating heart.

The L2's represent the only realistic scaling solution for any money (scaling = allowing 8 billion people to use Bitcoin daily) since no secure blockchain can scale to 8B via the base layer. (Nobody would be able to run nodes)

It's the base layer that cannot be a company or centralized. The base layer is for transferring larger amounts while the additional layers are for smaller sums and daily spending. They all involve tradeoffs.

I'm very positive for the future of the serious Bitcoin L2's.

Besides, if we want sound money on Mars at some point it will require either the Lightning Network, Liquid Network (or similar) or a local Bitcoin fork, due to the center of hash and the distances involved.

I feel like these new Bitcoin L2s can never go anywhere, even those that aren't scams, because they are tied to companies and centrally controlled, even if not strictly custodial. This is probably valid for Ethereum L2s too, zk-rollups and whatnot.

If you're an external individual or company you shouldn't really be investing time and energy and your brand into a thing that is just another company with zero network-effect. You would have to be part of that growing network-effect and you shouldn't do that organically and for free (this is probably why these things always do a lot of "partnerships"), and we need that organic stuff for Bitcoin to work.

Okay Nostr peeps we need to talk. I know Ive been on here for like 5 minutes and Im already complaining but hear me out.

Id really like to publish my newsletter directly on Nostr. You dont need to worry about clicking an extra link, I dont need to worry about writing a stupid summary, everyone is happy.

But here‘s the problem. Iris shows link previews and organizes pics where they are placed in the text. Primal does the same, but doesnt show link previews. Damus shows link previews, but organizes pics in a carousel. If I post both pics and link previews, the content repeats and gets unnecessarily long. If I dont, everything is all over the place.

Can you guys like get together and have a standard for this or something? Because that would be pretty helpful. Thanks!

The first 69 people to reply to this note will get a my man GIF reply.

Things may seem chaotic and that's because they certainly are. However, it's never been easier to build your way out of tyranny. The future is bright if you look in the right places.

How will e-cash survive the money laundering allegations? Aren’t fedimints and cashu mints providing the same exact service as coin mixers?

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