For those of you with your hearts broken and heads spinning because you are finally catching on to #Michael Saylor bullshit. You may as well rip the Band-Aid off and read Hijacking Bitcoin too.
Have you tried Monero? Litecoin? Bitcoin Cash? Those methods have channels open for everyone all the time.
Or you can keep tinkering with that turbo on your old Model T.
Real question: if bitcoiners are hodling because Bitcoin's value in fiat is going to the moon, what is the point of this meme? What is the perspective I'm not understanding?
Litecoin (100% uptime, built in fungibility)has a third party? It's a cut & paste of Bitcoin.
Bitcoin Cash has third parties?
Bitcoiners consistently claim that Bitcoin is the only this or the only that; fully decentralized, limited supply, blah, blah, blah. It's simply not true.
What Bitcoin is, in fact, is deliberately crippled and put in a wheelchair so third parties can get paid to push it around and let it function like it did when it was healthy. Bitcoin and it's third party (L2, L3) solutions are convoluted, overly complicated technologies.
Bitcoin when it arrived on the scene - faster & cheaper than a bank, no third party.
Lightning Network - we'll make bitcoin faster & cheaper than a bank. We (you) are the third party.
CashU / FediMint - Bitcoin is the best! Use Bitcoin with our awesome third party solution.
Oh, yeah, and all of your transactions are traceable. Need to pay someone 0.003 BTC from your 2 BTC wallet? Expect a thug to come meet you soon.
VS Litecoin
All of the features of Bitcoin x 4, PLUS fast, cheap, fungible, private, secure, expandable, 100% uptime.
Conclusion:
Enjoy your bitcoin, love it for the amazing(ly) slow, cumbersome behemoth it is. But don't lie to yourself that it is the only contender. It's fiat value (the only reason it is king), has more in common with MySpace than it does with gold. Gold has immutable physical properties, bitcoin (and all crypto) is software...just like AOL, MySpace, et al.
So, how many years until there is no more bitcoin? And on that journey to none, do you factor in the likelyhood of centralized consolidation by the wealthy and powerful?
Does this include scarecity caused by the creation of useless dust caused by high fees?
Someone told me similar wprds years ago. It took a few more years, but I got really good at starting things. Now I've got a couple dozen projects that need finishing!
Bitcoin is like a Rickenbacker electric guitar:
It was the first of it's kind and it costs more than most of it's competitors. Also, just like bitcoin, almost immediately others began to make improvements, and now everyone owns a Gibson, a Fender (or a knock off) and almost no one owns a Rickenbacker, and nobody bothers making knock offs.
But, just like a knock off, Bitcoin has it's Lightning Network, it sounds fast and slick but functions like an Edsel.
Just get some and use it!
How many books did you read before getting into bitcoin? Before opening a bank account? Before buying groceries?
Jump in and play with the rest of us!
My band become a multiplatinum artist because we gave free stickers to everyone we knew! Now, thanks to you, in just a few weeks Bitcoin will be the money everyone uses!
There are those that have said 'Bitcoin fixes that...' for just about everything from war to poverty to politics. But! What fixes Bitcoin?
Well, there are thousands of other options out there and a few of them are quite viable. Litecoin, for example is literally a carbon copy of Bitcoin with 2 small differences, block time of 2.5 min & total fixed supply of 84M. It bests BTC with it's 100% uptime (the LTC network has never been down since it's inception in 2011) and optional fungibility built in.
Unfortunately, the Bitcoin Bisq prefers is not a currency, it is a store of value that has become distanced from the humble beginning that made it so popular. Open, transparent and equitable? If BlackRock says it's ok!
Cryptocurrency does not have this problem, Bitcoin does. Litecoin, Bitcoin Cash have excellent solutions. Monero is very good as well. Almost every 2nd layer ETH derivative solves the scaling problem, some better than others.
If you believe Bitcoin is the "one and only", you really should get out from under that rock.
Do yourself a favor, read the Bitcoin white paper and find the section that mentions LN and ETF's. Then remember Bitcoin worked just fine for fast cheap payments for the first 8 years.
Truth on BCH, but is Litecoin so much less secure so as to have been attacked successfully? Comparatively, it's true $1B is more than $1M, but who would turn down $1M NSA?
I know LN. used Muun for a long time, told everyone about it. Then the onchain fees screwed me, this was in '22 or '23 I believe.
I made an attempt to give LN a shot again just the other day, while onchain fees, while still exorbitant by comparison to my favorite chains, was low for Bitcoin.
I downloaded Zeus, loaded onchain from another wallet (this took 20-30 min to get 1 conf). Then, went to transfer to LN, but was given a notice that the $25 I was testing with was not enough to open a channel! Wow! What a great user experience! So, ixnay on the ightningLay.
Dude, put the politics of yore aside and give LTC & BCH a try. Fast & cheap on layer 1! Both blow BTC out of the water for usability.
https://image.nostr.build/2eb633dd08c16274be8872e110bffb622dd3cfdbe36b49bc7d6eba361bffcfaa.jpg
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