Oddbean

"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." Cash isn't made for every day purchase like coffee ? https://image.nostr.build/caf207f15bc1077160c9e0da7c819bd6ad21020f1af6210c8570cb3942ebabd4.png

Lightning should not be necessary, that's all the problem, Bitcoin is scalable and should scale, but now there is a conflict of interest by Blockstream, not a good thing https://image.nostr.build/c846ce58a34c4f8853d471c1aaff5d7f1c859d16c595aa549fdbe386f7dbb972.png

Bitcoin prioritizes decentralization and security, which are essential to maintaining trust in the network. That’s what gives Bitcoin its value and, yes, what ultimately affects price. Scaling Bitcoin's base layer without compromising on these fundamentals simply isn’t possible—fast and cheap transactions are secondary to trust. We want price, adoption, and security to grow, but that means making strategic trade-offs. That’s why Lightning exists, to make Bitcoin faster and more efficient for smaller, everyday transactions. It doesn't sacrifice the base layer’s security or decentralization, nor does it attempt to be a ‘trustless’ system on its own. Think of it as a convenience layer on top of Bitcoin, not a replacement for what makes Bitcoin unique. And as adoption grows, Lightning will evolve to be more accessible. It’s a hard pill to swallow, but adults understand that you can’t have everything without compromise. I’m here for Bitcoin’s long-term resilience, not a quick-fix solution. There will always be a new, better faster or whatever coin by some metric but there will never be another Bitcoin Network. This is where the value is. This is where the trust is. I don't think sacrifice security for convenience is ever a good idea for the global base layer of money. If we want as many people as possible to run full nodes then this is the way. If you need to buy a coffee, use Lightning. It's easy, fast and cheap.

Bitcoin is not long-term resilience, it's already controlled ^^ In 15 years (already done from years) the mining was captured by big corporations which will comply for sure to the authorities to censor transactions, the LN nodes are cloud hosted by Google & Amazon alone for 50%, if we take all the ISP it's probably close to 90%, where 5 entities alone own 50% of the liquidity, it's so decentralized... The real problem is transactions are traceable, they are not anonymous, censorship is possible, so I expect it will happen soon or later. At this point it's not a compromise, it's a failure https://image.nostr.build/33ef7f545dce3b1f340d18a769f889a99dd3b7518018af3a4ee9509009e7a1d2.jpg https://image.nostr.build/7da21812d906daaef0558a8fe93d0377ed7153f13b57bf410098043058c9c4d3.png

So you don't think this is exactly how global adoption works? Bitcoin is for everyone. My enemy, my friend, for me and for Megacorp. Nodes are the real authority of the network. UASF is our tool of control. The Noderunners control the Bitcoin Network. Not miners, not whales. This is exactly why keeping the blockchain as small as possible and as accessible as possible is the highest priority.

If a miner censors a valid transaction, it stays in the mempool until another miner includes it. Other miners want to maximize fees, so they’re likely to pick it up. Bitcoin’s incentives makes censorship tough and costly for any miner trying it. To block a transaction entirely, a majority of miners would need to coordinate, which is hard and expensive. If miners tried sustained censorship, users could push back with a UASF, forcing the network to ignore their blocks and making censorship attempts pointless.

Interesting, bitcoiners will have a moral choice to do : Fight censorship and accept that Bitcoin will suddenly be the wrong guy, Bitcoin will be delisted, people involved will be hunted down and wall street will move out their billions, tanking the price or Accept the censorship, after all it's only the criminals which are censored... do business as usual and see wall street inject billions What do you think will happen ?

Bitcoin is the money, there’s no such thing as ‘delisting’ it. When Bitcoin becomes the base layer of value, accepting it won’t be optional. And for many people, including me, it already is the base layer of value. If you want money, you’ll accept Bitcoin. It’s a bit absurd to keep debating this. Altcoiners just don’t see the big picture.