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goatmeal
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bitcoin maximalists are all lying scum

"At full maturity, using the Bitcoin blockchain will be as rare and specialized as chartering an oil tanker."

ok so you want to be a parasite. how many dicks will I have to suck for the privilege of opening a lightning channel? banker parasite scum.

this is a good blog post about artists who are averse to cryptocurrency but shouldn't be. if you don't like that it wasn't written in maxi-speak, fuck you, it's still a good article.

https://pleromanonx86.wordpress.com/2024/04/11/in-a-long-enough-timeline-every-artist-will-be-forced-to-take-crypto/

that's just cope. you couldn't do a good medium of exchange if you tried. what's the point of even trying to do a store of value if all the value is getting stored in custodial accounts now? most people are using a custodial lightning wallet if they use lightning at all. it's designed so poorly that it rearranges itself into a custodial system. bitcoin devs haven't lifted a finger to make self-custody more accessible for large numbers of users. they just worked on lightning instead. bitcoin devs couldn't do a good medium of exchange so they gave up and changed the narrative to store of value, and they can't do a good store of value either.

I posted this graphic on the fediverse and someone said "why are you ignoring the lightning network, it's totally not custodial," and I had to explain that I lifted the graphic from a system built on the lightning network. the guy was unfamiliar with the documentation materials and didn't get past a wikipedia level understanding of what was told to him by maximalist influencers. most of the cheerleaders of lightning garbage do not understand what lightning is, or that it is so poorly designed that it rearranges itself into a custodial system. they are just following a script.

store of value is a narrative for lazy people. just sit there and do nothing and masturbate to candlestick charts all day long. medium of exchange takes work. bitcoin maximalists are a bunch of lazy cunts.

next time a maxi tells you that fedimint is a suitable replacement for monero, see if they want to fuck your girlfriend

they literally can't. they need to be instantly gratified by the price of bitcoin. they'll do anything to make the price go up.

most of you maxi crackheads would invite Tone Vays to come over your house and sodomize your grandmother if you were sure it would make the price of bitcoin go up. you don't care about the details, you just want bitcoin to have a higher price. some of you still need a story about why it should happen, and you need a way to square the circle of creating a good store of value without accessible self-custody.

lightning enables a larger number of people to interact with bitcoin by mostly sacrificing self-custody. you need to own at least one UTXO on L1 to preserve your own self-custody on lightning. to protect decentralization, you actually need to own several UTXOs on L1 and you need to keep acquiring them. otherwise it turns into a centralized hub and spoke model. and there is not even enough room for lots of people to get a single UTXO on L1, so most people will just use a custodian even if they would rather not. if the bitcoin religion sees a huge influx of new believers, either the UTXOs become way too costly to acquire or people just go straight to a glorified bank account.

this is just one of the problems with lightning and I think it's the worst problem. it reintroduces banking into the system, and that makes it a terrible store of value. its biggest cheerleaders think this is totally fine. they keep building more ruggable custodial garbage on top of lightning, like all this stuff they are doing with chaumian ecash and fedimints. I couldn't count the number of people who proudly told me that bitcoin makes XYZ coin obsolete because they built something on lightning that is ultimately custodial. how can you call bitcoin a good store of value when so much of the development is building towards custodial usage? if the maximalist nutjobs truly believed in making the best store of value, they would have scrapped lightning in favor of a different path that makes self-custody more accessible to lots of people.

keep bragging about the market cap. the wealth of the custodial lightning wallet provider isn't going to preserve itself, ya know. then when 99% of users are stuck on a custodial lightning wallet and they have no privacy and don't own anything, don't ask how we got here. who cares about any of that. you got paid. you were the smart one. it was only ever about getting paid after all. everything else was just an unimportant feature.

why not? are you seriously going to entertain the idea that bitcoin is best because it's not as scawwy to totalitarians? you maxis are such cowards. all you care about is the price going up. throw everything else in the garbage for this stupid mission. then act like nothing's wrong when almost everyone is using some kind of custodial wallet. the market cap surely justifies all of the above.

you losers already effectively threw self-custody in the garbage with your lightning filth. you lost your credibility to judge which features are unimportant.

if there's no second best then why do these other chains like XMR and ETH keep supplementing the missing features in BTC for so many users? I keep waiting 18 months and it never goes away.

some maxis think the lying notwork is more gooder than it actually is because of the ikea effect. people who have to assemble their own furniture will place a higher value on it even if it's a pile of flimsy particle board. so when you run a node and set up your own channels, and if you're just a complete dumbass, you might find yourself overvaluing the experience because of how much work you had to put into it.