IDK what you are talking about, they have their printer and its running great. There is nothing which forces governments to use BTC - and they will surely not do it for stuff you should not know in their opinion.
Monero keeps an incentive for miners to mine blocks with its tail emission. BTC will sooner or later switch to that too, wait for it.
BTC lost almost all properties which made it revolutionary. It will lose the 21m cap too.
Made me sad too, then i started buying Monero with BTC, now i feel better again ;)
Nobody is anonymous in the crowd when you can pick non conforming individuals out by analyzing all their transactions.
Nobody wants to expose all their financial transactions to the whole world. People will choose the alternative which gives them privacy if the open ledger has been abused enough.
So, we replaced bank brand old with bank brand new.
The future of finance is here!
As it is not Bitcoin, it is a shitcoin. Its owned by some corporate entities which get all the fees and they can censor you. If they have that possibility, they will use it when the Feds ask them to. Maybe not now but in a couple of years when Liquid infrastructure is built.
To me it is just unfathomable why BTC Maxis simp for Liquid. It is the most anti bitcoin thing i can think of.
In order to get the ecash, you need to send an onchain transaction to open a lightning channel, pay onchain fees, then send btc to the mint on lightning, pay fees on that again, then you get the ecash which needs to be withdrawn later - all that for $5?
Whats the use case for buying something with ecash for $5?
With Lightning we will have transactions for single digit satoshis they told me in 2017. Private and self custodial and all.
What we got is even worse than credit cards.
Sure there is not one "we".
But how many people do you know which want to dca $3 a month into BTC and think they will escape extreme poverty that way? On a ledger where a transction costs you often more than $3?
I think thats all just made up stories to justify crappy, corporate scaling solutions, so crappy that i rather use cash and a credit card instead.
Same for FEDI. If dont even have custody of our funds, we can dump that whole idea of freedom money immediately, embrace the CBDC and get some vaseline so the state can fuck us better.
exactly.
It is just terrible.
There i no noncustodial L2 solution which a normie can use in a private way.
Is that layer 2 technology currently in this room?
Thought so too for a long time. I think i was delusional.
BTC without privacy onchain is the most retarded idea we ever had.
Would you store your value on a public transparent ledger with no privacy if the government would mandate it? Hell no.
But somehow people think this fundamental flaw of BTC is a advantage.
People just hodl and do not use BTC. As soon as they start using it, they see that it is a crappy medium of exchange.
So, BTC is now something for governments and institutions if i get you right.
BTC for the Feds, Monero for the people.
Isnt Liquid just a corporate Shitcoin?
They own your BTC, you own their L-Token. They can censor your transactions on their network. It is not decentralized, the network is owned by a couple coporations.
Why should we go that path at all?
Whats the big difference to using WBTC on Ethereum?
You forgot:
- if the mint vanishes, all you have is some random strings and they have your Bitcoin.
The humility to understand: Bitcoin scales through custodial solutions, offers no privacy and Bitcoiners are building exactly what they are afraid of:
The CBDC.
had it 2 times already. not frozen but straight closed.
Do not store your value on a transparent ledger :)