1. Banks want to keep you using banks
2. Keeping Bitcoin blocks small, makes Layer 1 unusable as real world cash
3. Non-Custodial Layer 2 is complex, the average person won't do it or pay for it
4. Custodial Layer 2 is the new Banking
5. Fiat Banks and insurance companies funded Blockstream.
6. Bitcoin Core devs also worked for Blockstream, which sells layer 2 solutions. That's a conflict of interest, they are solving the problem they create with the "small block" routine.
7. By having Maxis do the shitcoin routine on good alternatives, it forces the unrealistic solution of self-host Layer-2 hot wallets with a 1k minimum to play... or use bank custodial accounts.
8. Keeping the blocks small does NOT decentralize it, as lightning routes only work with large players acting as facilitators. And you can't even receive lightning unless you've already got funded channels. This is literally inequality: You need money to get money.
Therefore,
Nobody uses Bitcoin in the Real World. And Banks win.
What part of this are you disputing?
SimplifiedPrivacy.com Podcast / SimplifiedPrivacy.com
npub14s…jt5d6
2024-11-12 01:31:14
Author Public Key
npub14slk4lshtylkrqg9z0dvng09gn58h88frvnax7uga3v0h25szj4qzjt5d6Published at
2024-11-12 01:31:14Event JSON
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"pubkey": "ac3f6afe17593f61810513dac9a1e544e87b9ce91b27d37b88ec58fbaa9014aa",
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"tags": [],
"content": "1. Banks want to keep you using banks\n\n2. Keeping Bitcoin blocks small, makes Layer 1 unusable as real world cash\n\n3. Non-Custodial Layer 2 is complex, the average person won't do it or pay for it\n\n4. Custodial Layer 2 is the new Banking\n\n5. Fiat Banks and insurance companies funded Blockstream.\n\n6. Bitcoin Core devs also worked for Blockstream, which sells layer 2 solutions. That's a conflict of interest, they are solving the problem they create with the \"small block\" routine.\n\n7. By having Maxis do the shitcoin routine on good alternatives, it forces the unrealistic solution of self-host Layer-2 hot wallets with a 1k minimum to play... or use bank custodial accounts.\n\n8. Keeping the blocks small does NOT decentralize it, as lightning routes only work with large players acting as facilitators. And you can't even receive lightning unless you've already got funded channels. This is literally inequality: You need money to get money.\n\nTherefore,\nNobody uses Bitcoin in the Real World. And Banks win.\n\nWhat part of this are you disputing?\n",
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}