btconboard #LNHANCE or #CTV's avatar
btconboard #LNHANCE or #CTV
btconboard@primal.net
npub15ssy...l6uv
All views are my own. Tech finance manager, Bitcoin believer.
All of these new β€œL2s” seem to just be rude goldberg machines to end up at essentially the same trust and tradeoff model as @Blockstream β€˜s Liquid with a shitload of extra steps and complexity. Maybe some will have advantages and catch on, but it is unclear to me why that would happen. image
While I think most small to medium sized bitcoin treasury companies will trend downward and/or be acquired - the best argument for their collective valuations is that general sock market valuations are crazy and comparatively BTCTCs valuations don’t look as rich. 🀷🀷
Most Bitcoin treasury companies seem likely to crash out. Maybe a few make it especially if there is a permanent tax arb, but otherwise seems unlikely to outpace Bitcoin.
Empirical evidence of observing the mempool proves that 5-10 highly connected nodes with direct miner connections running LibreRelay are able to reliably route transactions >99.9% of the network is filtering, e.g. sub 1 sat transactions are already getting through even though almost all node filter them. Either fork or accept reality.
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