Bitcoin as a savings vehicle is an acceptable outcome to the state, it's easily captured via institutions and can act as a foreign reserve for treasuries
Bitcoin as a means of exchange is not an acceptable outcome because it enters the economy at large, there's no controlling that
Pay careful attention to the massive campaign for ECash for payments and the coordinated Lightning FUD used to sell it
Justin (shocknet)
thecto@lightning.video
npub1xvtw...64sa
Head of building shit | Lightning.Pub | ShockWallet.app | Lightning.Video/thecto
Got an extra @bitblockboom ticket, if you'll be in Dallas and want it hmu
Goodbye Lightning.
Announcing our pivot to digital dollars
Thank you to all the NGOs and Neobankers for the no strings attached funding for our new Bolt12 based ECash platform
Bitcoin is dead as a means of exchange, scaling with fiat is the way!
HARD FACTS:
There's no such thing as a "shared" UTXO.
Lightning scales Bitcoin's throughput infinitely.
We can open billions of channels with current batching tech.
Lightning is simply not the bottleneck.
Unfortunately, the shitcoin mindset cannot fathom the success of Bitcoin for simply being what it is- and not what they project it to be. Bottlenecks must be contrived based on nothing but the urge to signal ones virtues.
Every few years we must endure these recycled and absurd projections of scale and functionally, coordinated in an "art of the deal"-like approach for forks that serve no purpose other than to paint Bitcoin as something malleable, bifurcated, and unstable.
Predators lurk where prey are abundant, as proven by the most recent wave Fake Layer2 scams and Neobank-NGO's, sucking up Lightning developers to implement rails for digital dollars and other prom notes.
Such machinations are predicated upon the narrative that Lightning is somehow inadequate for Bitcoiners, despite the fact that it is literally reusable Bitcoin transactions ad infinitum.
If you cannot afford a UTXO, you must trust others who can. There are no exceptions to this, it is a fact of Bitcoin's workings, not an opinion. Abstractions claiming the contrary are simply not Bitcoin, they are credits, aka shitcoins, which already exist in spades.
Lightning can only be inadequate if you never accepted Bitcoin for what it is in the first place, so go enjoy your shitcoins.
I guess you could say that lightning.pub, by using Nostr for it's RPCs, is the first implementation of NO-Cash 🤯
- Signed events between a user and a pub are attestations that could be used in disputes
- web-of-trust distribution
- Private ephemeral keys
- Programmable
Reject shit-cash, demand no-cash
Fuck the Neobanks and the spooks they rode in on
Hard to tell which is more insidious, the bizarre pushing of ECash or VCash
Bitcoin's only absolute scaling limitation is from dust UTXOs, which is a function of the 21M supply cap.
Changing supply is a non-starter.
Forkers appealing to scaling are therefore either morons or spooks astroturfing for a future of not-bitcoin.
"Layer 2" is the new "Blockchain"
Affinity scams riding Lightning's coat-tails
History rhymes
What's the red icon in a lightning address on amethyst?
