But never completely. Outside of Blockchain: Everybody is free to choose his preferred layer 2. 🤷‍♂️

My thoughts exactly. The jury is still out on the best L2 . Hedgehog looked promising. A lot better than lightning really in many ways. Just no traction. I don't really see any practical differences between wbtc and liquid. Just a different brand of gas station.

Libbitcoin 🤘

What about other tokenized btc like MSTR and IBIT 😬

Are they still planning shielded assets on zcash?won't that negatively impact privacy or am I mistaken?

The worst of the worst in terms of custodial, paperized Bitcoin. Pure cancer to freedom money.

Correct

As long as all that shitcoining is off our chain it doesn't matter. None of that matters even a little bit. You can take out loans against Bitcoin, all that happens is you get wrecked. You can wrap some sats in 15 different defi shit tokens, two stable coins, put in through six different exotic instruments from a "treasury company" and put in an ETF. Honey. Badger. Don't. Care. 1 Bitcoin = 1 Bitcoin Keep that shitcoin TF out of Bitcoin. We already won. Not interested. NOT shitcoining is the only selling point we ever need.

Saylor needs to show proof of reserves.

Never gonna happen lol

"Honey badger don't care" seriously try not to make people cringe if you want to be taken seriously. You've fundamentally missed the point here. Vlad is spelling out an inevitable future if fundamental and significant improvements aren't made to L1 and Lightning Bitcoin. You WILL see more TVL on these defi chains and you WILL see more custodial scaling solutions like CEXs and custodial wallets. It's happening at an exponential rate already, look at the transaction fee chart compared to price, largely stagnant. We saw 0.5 sat/vbyte transactions getting confirmed in the first block. The L1 is getting used less and less. The biggest innovation this year for "adoption" was square terminals acting as a lightning accepting KYC, custodial wallet. What's your solution? Or do we not even have a problem here?

I know but I always get a kick hearing him rationalize why doing so is somehow dangerous to MSTR.

Haha yeah he gets really uncomfortable. Funny too how most don't realize he's showing his cards when defends it like that.

Dont forget cbBTC on Base. 87k and growing.

Cringe all you want. I also don't care. We're not in these shitcoin Olympics. Double-dark-deep-fi is not remotely interesting to Bitcoin. We already had this game and won by not playing. We are not competing with fake money. At all. Do you know what Titus did outside Jerusalem in 70? We stood there while his enemies burned each other's food supplies and assassinated each other in the streets. He told his men if they got thirsty for glory and left camp he would have them shot in the back. Get it? "Oh no the shitcoins are doing a thing and we better change the hardest money ever created to try to catch up!" Yeah, no. 🍿

*He stood there. I did not have the honor of attending.

And that is a good thing, it shows there is no need to change bitcoin, specially there is no need to make bitcoin a dick pics database

‘Trust me bro, I got the btc’ network

With your mentality Bitcoin is doomed. Please wake up.

lol 💯

Your right. It's over. ... Sell me your Bitcoin?

I don't hold any anymore.

😂

anything that scales via custodians and centralized third parties is categorically a shitcoin. that includes bitcoin today. bitcoin is a shitcoin now.

Nonsense. Bitcoin scales without any of that garbage just fine. The fiat system will attempt to capture and assimilate anything that gets big enough to matter. Bitcoin has just survived the financial system's attempt to do just that and the financial adoption wave is running out of steam. Which is good. Assimilation failed. The next test will be geopolitical. These are the trials any money will have to pass as it grows and so far it has survived. Level. Final boss ahead.

this is clearly a lie. almost all bitcoin transactions go through a centralized third party. there is not enough room on L1 for everyone to own their own lightning channels or make their own regular BTC transactions. you have absolutely no idea what you are talking about.

This such tired FUD. If you believe this you are too ignorant to talk to and if you don't, you are too dishonest to talk to. If it's the first, go do some reading, if it's the later, get bent

>do some reading you mean like the lightning whitepaper?