this sucks.

anybody else see a problem with a pleb self-insert fantasizing about being a murderous robot hunting a crying child?

this and all the Bitcoin memes where the OP is casting themselves in the part of the aristocrat/imperialist power really makes me question some motives.

nostr:note1t7xtvhdgek8x474trzk0nzelddga69gj7a8cuktn36ddar2ppgcqck27n8

Lightning literally is the solution. Most Coinbase txs happen on chain anyway.

No kidding, I think it’s generally correct though that most people will not operate their own lightning channels as unfortunate as that may seem. I’m providing an optimistic market view that this won’t be all Orwellian due to market forces

Ah, conspiracy theory and FUD to shill altcoins. Nice.

1. Banks want to keep you using banks: Absolutely, and that's why Bitcoin exists to provide an alternative financial system outside of traditional banking.

2. Keeping Bitcoin blocks small makes Layer 1 unusable as real-world cash: Layer 1 is designed for security and decentralization, not for buying your daily coffee. That's where Layer 2 solutions like Lightning Network come in, enabling fast and cheap transactions.

3. Non-Custodial Layer 2 is complex: Early technology often is complex. Bitcoin is money for the next 1000 years. Remember when using the internet required dial-up modems and command lines? User-friendly interfaces are rapidly developing for Lightning Network.

4. Custodial Layer 2 is the new Banking: Only if you choose to use custodial services. Bitcoin gives you the freedom to be your own bank or to use services at your discretion.

5. Fiat Banks and insurance companies funded Blockstream: Blockstream's funding is public, and while they have investors, the leap to say they control Bitcoin's development is a bit of a stretch.

6. Bitcoin Core devs also worked for Blockstream conflict of interest: Bitcoin Core is open-source, and contributions come from a global community. If you suspect foul play, you're free to audit the code or contribute yourself.

7. Maxis force unrealistic solutions, pushing custodial accounts: No one's forcing anything. The beauty of Bitcoin is that it's open and permissionless. If better solutions exist, the market is free to adopt them.

8. Small blocks don't decentralize it: On the contrary, smaller blocks allow more people to run full nodes, enhancing decentralization. As for Lightning, it's becoming more accessible, and you can open channels with minimal amounts.

Therefore, people do use Bitcoin in the real world, and banks are noticing. That's why there's so much interest in Bitcoin and not something like Monero.

So, what am I disputing? The notion that Bitcoin isn't evolving to meet these challenges. It is, and doing so while maintaining the principles that make it valuable in the first place.

But hey, enjoy your privacy coins. Meanwhile, we'll be over here continuing to build the future of global finance for Earth.

This was discussed early on in the history of bitcoin. You’re conflating banks, which aren’t a societal detriment per se, with unbanked fiduciary media, which is everywhere and always the problem (see Austrian Business Cycle Theory). The part of the equation that you’re missing is automated proof of reserves and automated bank runs making fractional reserve banking untenable despite the existence of banks.

If you want to use a different protocol on a different network that sacrifices monetary assurances for the sake of privacy and also suffers from the same inherent non-scalability of all blockchains then that’s your prerogative, but it’s everyone else’s prerogative to disregard softer money in favor of harder money.

Custodial layer 2 on lightning, if there’s enough competition, will likely always allow you to withdraw and self custody your savings… even if there’s a premium to that feature, the market will pay and companies respond accordingly to profit motives. My hopes anyway. Cheers

Custodial solution will have custodial destiny..

Not your mint not your eCash..

Farcaster Ethereum users are bitching about Trump winning

WHY DO YOU WANT THE SAME REGIME AS GARY GENSLER?

HE'S LITERALLY TRYING TO JAIL UNISWAP DEVS

On top of that,

Vitalik Buterin was originally funded by Peter Thiel's Fellow Program in 2014,

And now Thiel is among the largest funders of Trump's campaign, using funds from earlier investments

Therefore,

Ethereum's price rise helped to fund Donald Trump's election

Further,

Farcaster doesn't even pay the nodes! But users pay ETH to use it. Talk about capitalist ripoff!

So: You literally paid Trump-VC coins, to use an abusive capitalist protocol, to mouth off about why the MAJORITY IS WRONG, while bitching that Trump is a danger to Democracy

Stop dude, just stop.

Lightning is complicated and the average user doesn’t have the patience or desire to figure it out, so third parties exist to make it more usable. I enjoy running nodes and figuring things out, but I know I’m not the average user.

So bitcoin is not completely co-op'd but its definitely facing its biggest threat yet right?

Is Op_cat a threat yes or no?

Is black rock a threat yes or no?

Is the failure of lighting a sign of things to come?

The enemies of freedom have turned the tables, using the very same tactic of infiltrating and subverting the system that Satoshi once employed to create Bitcoin, to now socially engineer the community and undermine its true purpose from within.

Some are wise to know this, can you see it yet or will you learn by pain?

#nostr

#bitcoin

#monero

and what’s not a scam, in your opinion?

?