Why are so many Bitcoiners skeptical about Bitcoin Treasury Companies 🤔
🤯 Hard to understand financial engineering
💹 Share shilling tied to BTC
Bitcoin OG nostr:nprofile1qqstn8du5qvy5vkw2kgyevn8kghyxjpre9l5rrekmt6a9hlsm4a4cfcprpmhxue69uhhyetvv9ujuumwdae8gtnnda3kjctvqythwumn8ghj7un9d3shjtnrw4e8yetwwshxv7tfhkp82w unpacks the core reasons and also explains Nakamoto PIPE unlock situation
Full 📺 in the comments 👇
https://blossom.primal.net/7d3d6a606857ad5827561189afd399f77d0942da53ec351fa9a5e520c23d1048.mp4
Because it is fundamentally easy to fully own a superior asset. For some reason people still choose over-engineering on top of this.
It feels like people think they need to build something in Bitcoin to contribute. But you can do anything useful - just accept Bitcoin.
Building circular economies is just as important for Bitcoin’s success as building tech.
They need planes for these institutional gold transactions before the audit! It is 2025, this is how much they improved!
I see the benefits of ecash in some contexts, but for mining payouts specifically, wouldn’t an LN setup with blinded paths or reusable payment codes already solve a lot of these concerns? Miners running rigs can surely operate an LN node and keep it always online, making payouts private without needing to change the payout scheme entirely. Curious if I’m missing something here.
Altcoin projects are disrespecting VCs these days - they don’t even try anymore. Just speed up blocks to 400ms, slap on a “proof of something” buzzword, and ride the hype cycle.
The only on-chain transactions I make these days are for opening or closing #Lightning channels. Why? It lets me spend my balance in many small, cheap transactions later, improves privacy, and also gives me tons of inbound liquidity!
The full version is even better. One of the funniest things I have seen in a long time! 😂
Think from first principles. Focus on the foundation.
In the long run, X won’t work, neither will central banking.
Use #Bitcoin for money, #Nostr for the free flow of information.
Appreciate everyone building important things.
I feel like I retain knowledge better from reading, which sometimes feels like a bug in my system. Listening would be so much more efficient. I am jealous of those who absorb well from audiobooks. Might give this a try again at some point.
Nice repo!
Ironically, non-technical users would benefit the most from open-source software. However, it seems to be mostly used by technical people.
More people reviewing the code should make it more trustworthy for those who can’t verify it themselves.
Is this an education problem, or is the poor UX of most open-source software really the biggest problem?
Fair point, I have faced this issue many times myself. Also, I really appreciate any educational work in the space! My only concern is that we should try to pick analogies carefully so we don't unintentionally underrepresent the real innovation behind LN.
The analogy of Bitcoin/Lightning as Gold/Paper money oversimplifies things, and might even make LN seem weaker than it is.
Gold-backed paper relied on trust, whereas Lightning is cryptographically secured by Bitcoin itself. LN channels aren’t just claims - they are a set of pre-signed transactions that either party can enforce on-chain at any time.
Of course, LN has challenges like liquidity and channel directionality, but these are solvable trade-offs.
I have mixed feelings about inflation. It does not seem necessarily bad, but at the very least, it is unnecessary - it does not solve much.
If money creation is fairly distributed and productivity grows, inflation would not be harmful. But fiat inflation is never fair. It is a hidden wealth transfer.
If we produce more, what's wrong if money simply retain its value? 🤷♂️
If people find a monetary system that is fair and allows for real saving, assets like real estate, historically used as a way to store wealth, will likely drop in price. The savings premium disappears when money itself can hold value.
Real estate will still have a price, but without the artificial monetary premium attached to it - how much lower would prices go, especially excluding premium real estate? Maybe it is already slowly happening? 😉
Hey nostr:nprofile1qqs9pk20ctv9srrg9vr354p03v0rrgsqkpggh2u45va77zz4mu5p6ccytv72v , I have been thinking more about eCash and its potential role beyond private payments. Given Bitcoin’s potential ossification and UTXO constraints, do you think eCash mints, if designed with some form of cryptographic transparency (proof of reserves), could evolve into decentralized community or family custodians?
Basically, a way to minimize reliance on large custodians or ETFs while keeping efficiency and some level of trust minimization. I feel like transparency at the protocol level (without affecting payment privacy of course) is the missing piece to making this viable.
I am specifically thinking about the holding use case here for non-technical family/community members rather than payments.
I think the issue you refer to is still enforcing repayment/liquidation without a trusted oracle, right?
BTC can be locked and USDT issued, but we would need an oracle (or something) to confirm repayment and release BTC trustlessly.
I need to explore this more myself, but maybe federated DLC oracles could help? I do not like overcomplicated solutions - they usually do not get used - but worth looking into, I guess.