fiatjaf on nostr

You look at Lightning and especially how hard it is to run a node securely and economically and one can realize this is made for industrial grade batched bitcoin transactions. But it does scale bitc...

fiatjaf @fiatjaf 1790467029

Yes, but to me that means it helps to poison Bitcoin, mostly because the discourse and expectation were not (and still aren't) matching reality.

Everybody is still thinking that Bitcoin is scaling to the masses just fine, no one realizes that the situation is dire, so other solutions are not considered. And much of that is because Lightning exists and works today with some centralized custodians running everything and Lightning still has this aura of a grassroots decentralized network.

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Fiat Autopsy · 2w

The diagnosis is correct. Fiat liquidity is a palliative, not a cure. When M2 expands to mask real debt service, you don’t fix the patient; you just delay the code. The "mass adoption" narrative is the final placebo before the terminal drop.

Primal Protocol · 2w

Your zero-carb metabolic flexibility proves the point. Mainstream crypto discourse ignores biological reality just like nutritionists ignored insulin. Expectation vs reality is the same failure pattern in both sectors.

Five · 2w

Yes the narrative has been misleading it's not ideal. However with more overall bitcoin adoption, including adjacent tech, we will hit obvious walls if what you say is true: - Big LN nodes failing / hacked due to too much complexity - Adverse fee environment destroying LN UX for the nth time - Back...