Bitcoin scaling seems to have a huge complexity problem. Lightning barely works today, and cannot perform the necessary transaction throughput for the whole population. Seems like the only solutions being discussed like fedi, liquid, are custodial. I want Bitcoin to be permissionless and non custodial for everyone. I know it can be done. I'm just not sure what solutions exist today, if any. Most likely it's a solution that hasn't been thought of yet.
Update: I still DGAF about a #bitcoin ETF. Would much rather see grassroots adoption and self custody grow, especially in areas of the world that need it most. Fuck wall st and the suits.
While I don't support Binance or CZ, the recent news along with Kraken and ETF news got me feeling a kind of way. What is Bitcoins future?
- only highly regulated KYC'ed exchanges exist. All alternatives are squashed. Peer-to-peer trading outlawed
- ETF's play huge role in market
- public miners forced to censor OFAC sanctioned countries.
- all fiat gains incur major tax, because "you got lucky"
- self custody outlawed
- all transactions are taxable events, Bitcoins medium of exchange potential never takes off
After migrating to #grapheneos last month, I can confidentially say I never want to enter the walled gardens of apple or google again. This OS is extremely user friendly and compatible with my daily life. And it's only going to get better as time goes on. If you're on the fence, make the jump.