Zach⚡️'s avatar
Zach⚡️ zachf@nostrplebs.com 11 months ago
Bingo. The Bitcoin standard is not 8 billion self-custody lighting nodes and cashu mints. I wish it was, but it's not, and that's not our fault. Take banks being able to hold Bitcoin as an example. Most people would love a Bitcoin savings account at their traditional bank. Is it captured Bitcoin? Yes. Is it a Bitcoin standard? Still yes. If you think Bitcoin fails because of fractional reserve or scaling limits or mining regulations or bitcoin loans etc. etc. You haven't thought it all the way through. Dishonest people fail. Honest people win. That's the game Bitcoin presents and that's why it continues to win. They can FAFO if they want, but allowing it into the financial system like this is a huge positive development.
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Replies (5)

Sikto's avatar
Sikto 11 months ago
It blows my mind that the president of the US is even talking about any of this. Senators too. I don’t know how people can’t see that all of this means we are winning. Trumps trump. I think a lot of people weren’t around in the 80s and 90s.
Hanshan's avatar
Hanshan hanshan@nostrplebs.com 11 months ago
the absolute state of Bitcoin maxis smh and Satoshi wept.
Zach⚡️'s avatar Zach⚡️
Bingo. The Bitcoin standard is not 8 billion self-custody lighting nodes and cashu mints. I wish it was, but it's not, and that's not our fault. Take banks being able to hold Bitcoin as an example. Most people would love a Bitcoin savings account at their traditional bank. Is it captured Bitcoin? Yes. Is it a Bitcoin standard? Still yes. If you think Bitcoin fails because of fractional reserve or scaling limits or mining regulations or bitcoin loans etc. etc. You haven't thought it all the way through. Dishonest people fail. Honest people win. That's the game Bitcoin presents and that's why it continues to win. They can FAFO if they want, but allowing it into the financial system like this is a huge positive development.
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u32Luke's avatar
u32Luke 11 months ago
Why don't you vote for better money?
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npub1ah3a...l76e 11 months ago
The ideological bankruptcy declaration always precedes the economical one. It's time to leave Bitcoin. If you are on Nostr you already know about the spiritual successor of Bitcoin. If you still want to become rich of Bitcoain, that is one thing but please stop shilling the freedom, libertarian, bullshit. The system embraced you and you embraced the system. I opted-out in 2010. Found a home for more than a decade in Bitcoin. Now life forces me to opt-out again. Let's see if Monero is a longer term play.
Zach⚡️'s avatar Zach⚡️
Bingo. The Bitcoin standard is not 8 billion self-custody lighting nodes and cashu mints. I wish it was, but it's not, and that's not our fault. Take banks being able to hold Bitcoin as an example. Most people would love a Bitcoin savings account at their traditional bank. Is it captured Bitcoin? Yes. Is it a Bitcoin standard? Still yes. If you think Bitcoin fails because of fractional reserve or scaling limits or mining regulations or bitcoin loans etc. etc. You haven't thought it all the way through. Dishonest people fail. Honest people win. That's the game Bitcoin presents and that's why it continues to win. They can FAFO if they want, but allowing it into the financial system like this is a huge positive development.
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