Damus
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goatmeal · 5d
maxis and knotzis are getting everything wrong about the idea of centralization risk. they are being inconsistent and nothing they are saying makes any sense. L1 consensus changes, including covenant...
 𝕞ptf profile picture
𝕞ptf @𝕞ptf
Its a hard one. I would like to see some improvements on bitcoin L1, i think its the only way it will survive. But i also see the power of ossification. As Jimmy Song rexently said, people want a store of value more than unit of exchamge. This is the exonomic reality that the market chooses. Swapping btc for monero or ltc or lightning to spend is no big deal.
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goatmeal · 5d
the market chooses ethereum and litecoin, and only due to the failure of bitcoin. reclaim the transaction volume, then we'll talk
Nuh · 4d
Who the fuck is going to pay for miners if not people exchanging Bitcoin for other things? If all Bitcoin is locked in multisig bridges, these federations will realise they can settle between each other through an even larger multisig or LN channels and never pay fees on chain. You expect the curr...