Oddbean

Not it isnt, but i can see that you are not smart enough to see it. Ban Bitcoin from central exchanges like it was with Monero and then you can compare. And use custodial ligthning like 90% of your peers and say it is a great solution.. 😂😂

Like i said, you are not smart enough to understand that the graphic you are showing doesnt mean nothing when you have mining centralization and usage of LN is 90% custodial. If that sound like winning to you go ahead

Fred, I think Anon makes a good point here. He is pointing out that Bitcoin is moving away from the reason it was created in the first place. Also when you say the market says otherwise, I see what you’re saying but that’s because it is inevitable to go up so people are buying, yeah it basically is “digital gold.” But the point is that some of us don’t care about the USD value of Bitcoin and we care about decentralized private money. People can’t compete with mining anymore and if your every day lightning payments for a coffee or something is majority custodial, the entire point of Bitcoin’s creation is being missed

Centralized mining by %. Bitcoin Mining by Country Based on the provided data, here is a breakdown of the top countries by Bitcoin mining hashrate share: United States: 37.84% China: 21.11% Kazakhstan: 13.22% Canada: 6.48% Russia: 4.66% Other notable countries include: Germany: 3.06% Malaysia: 2.51% Ireland: 1.97% Thailand: 0.96% Sweden: 0.84% Norway: 0.74% Australia: 0.36% Indonesia: 0.35% Brazil: 0.33% Japan: 0.23% United Kingdom: 0.23% Georgia: 0.23% France: 0.21% Netherlands: 0.21% Iceland: 0.16% Ukraine: 0.15% Paraguay: 0.15% Libya: 0.14% Iran: 0.12% Mexico: 0.11% Italy: 0.11% Romania: 0.09% South Korea: 0.07% Argentina: 0.06% Uzbekistan: 0.05%

Can you explain me why no one is mining in Bitcoin P2Pool, and it was put appart and no one cares to develop the only decentralized pool that exists? Can you explain me why 2 pools own more than 50% of the hashrate ? Im sure that you doesnt even know Bitcoin P2Pool exists.. https://image.nostr.build/a337bd8c8516b9f3638d2d6e2a84354ea81bcc4c023b1e72c22525c0e9c5c5c1.jpg

There are problems with the Bitcoin P2Pools - why most have shut down. Furthermore, they have not been needed and suffer losses. Sometime in the future maybe. You are in the weeds not seeing the big picture. I won't try to insult your intelligence - this is most people. We have become a specialized species. Every problem you percieve, even if it does NOT need a solution today, does not need to be solved today. Even if you do, NEW problems with technology over time will create new problems that will need to be addressed. Right now - you are chasing butterflies in Crypto. In a decade when Bitcoin is $13 million/coin and = to roughly 7% of world assets you probably will be saying/doing the same thing.

What is the problem Bitcoin is solving today? Getting rich without doing nothing? What was the pourpouse of bitcoin? Why it was created? Do you read the whitepaper? Do you think it is the rigth diresction to loose sourveignity only for FIAT gains?

Why don't you start reading some books on #Bitcoin and on economics? "Broken Money" summarizes about 20 books. I'v been buying Bitcoin since 2016, daily since 2017. I've read most books and yes, I have read the White Paper - I have it on my wall. Bitcoin solves so many problems but the biggest is the transfer of energy purely from one individual to another with near infinitely small time preference (and that is not doing nothing, I assure you). But I won't convince you of that here - read LOTS of books. After 50 books you will have all the answer to the above questions. Do you homework before nation state adoption cranks up.

I'm not sure what's more surprising, the fact that you think reading 50 books on Bitcoin makes you an expert, or the fact that you seem completely oblivious to the elephant in the room. Bitcoin's been co-opted by state agents, and the OGs who actually understood the tech have been warning about this for years. You're still stuck in 2017, thinking that Bitcoin is the revolution it once promised to be. But the truth is, it's been captured by the very same powers it was meant to disrupt. The devs are in bed with the regulators, and the network is being slowly strangled by the very same forces it was meant to overthrow. You want to talk about 'doing your homework'? How about doing some real research on why the Bitcoin OG's have abandoned ship? Why did they move on to other projects, like Monero? It's not because they're 'no-coiners' or 'Bitcoin haters.' It's because they saw the writing on the wall, and they knew that Bitcoin was no longer the decentralized, censorship-resistant network it once was. You can keep reading your books, but until you understand the real reasons why Bitcoin's been co-opted, you'll never truly grasp the nature of the beast. So, I'll leave you with a challenge, go dig into the archives, read the old Bitcoin forums, and talk to the OGs who were there from the beginning. Ask them why they left, and what they're working on now. That's where the real education begins.

Oh - and network capacity on Lighting has doubled the last year or so. Why? Because more people are using it for payments AND storage! We won't even talk about all the other developments like Nostr, Paradigm, Fedi, etc... See for yourself. https://bitcoinvisuals.com/lightning