Shitcoins
Shitcoins are never going to go away, I gave up hope years ago.
The human being loves gambling, proof of this is the multimillionaire business of casinos around the world in cities like Las Vegas, or Macau, the multimillionaire business of betting or online games like poker.
Shitcoins are just that, a casino and people love to gamble and lose their money.
The problem is that now shitcoins are screwing up the Bitcoin mempool and we don't seem to care. Bitcoin is not ready to scale and neither are layer 2 technologies.
Bitcoin needs serious development like the Linux Kernel has, development that combines the goodness of FOSS but also enterprise power as for example with Red Hat or Intel on Linux.
I was hoping that Blockstream would play that role but I get the impression that investment is lacking.
I'm just thinking out loud.
Cyph3rp9nk
npub1ln…arrnt
2023-05-06 18:49:57
Author Public Key
npub1lnms53w04qt742qnhxag5d6awy7nz6055flnmjkr6jg39hm86dlq7arrntPublished at
2023-05-06 18:49:57Event JSON
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"pubkey": "fcf70a45cfa817eaa813b9ba8a375d713d3169f4a27f3dcac3d49112df67d37e",
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"kind": 1,
"tags": [],
"content": "Shitcoins\n\nShitcoins are never going to go away, I gave up hope years ago. \n\nThe human being loves gambling, proof of this is the multimillionaire business of casinos around the world in cities like Las Vegas, or Macau, the multimillionaire business of betting or online games like poker.\n\nShitcoins are just that, a casino and people love to gamble and lose their money. \n\nThe problem is that now shitcoins are screwing up the Bitcoin mempool and we don't seem to care. Bitcoin is not ready to scale and neither are layer 2 technologies.\n\nBitcoin needs serious development like the Linux Kernel has, development that combines the goodness of FOSS but also enterprise power as for example with Red Hat or Intel on Linux.\n\nI was hoping that Blockstream would play that role but I get the impression that investment is lacking.\n\nI'm just thinking out loud.",
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}