IMO they're either testing an attack vector or have started their longer term assault by attacking #bitcoin L1 self custody. They're seemingly playing up the narritve that "if it's good for miners, then it's good for #btc." IMO anyone with any seriousness about the longevity of Bitcoin should immediately see through this BS. How is it good to make the smaller UTXOs economically unfeasible to move and also make 3rd world countries completely reliable on the lightning network? Most of these lightning solutions are centralized AF and the most popular ones are non self custodial so you never even have your own sats in the first place! I hate to say it by LN is only #btc when you close the channel on L1 #bitcoin..which is fine as long as it's just for your spending #btc and not for your savings which should be L1 #btc in cold storage that you created the entropy for yourself offline.
The miners supporting this attack are either short sighted or complicit with the fiat cartel. They must see that as long as the price of Bitcoin can be subservient to fiat currency then the incentive for BTC are also fiat inclined as the miners benefit from the short term fiat UOA view by people at the cost of the medium to long term success of the bitcoin UOA goal post.
B1tR0y
npub199…r5gu9
2023-05-07 15:10:14
in reply to nevent1q…pnd8
Author Public Key
npub19986nenrr02qf5um8ex4wyhpxhn0fk95cdl8l8whjyk84ug7x49q0r5gu9Published at
2023-05-07 15:10:14Event JSON
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"content": "IMO they're either testing an attack vector or have started their longer term assault by attacking #bitcoin L1 self custody. They're seemingly playing up the narritve that \"if it's good for miners, then it's good for #btc.\" IMO anyone with any seriousness about the longevity of Bitcoin should immediately see through this BS. How is it good to make the smaller UTXOs economically unfeasible to move and also make 3rd world countries completely reliable on the lightning network? Most of these lightning solutions are centralized AF and the most popular ones are non self custodial so you never even have your own sats in the first place! I hate to say it by LN is only #btc when you close the channel on L1 #bitcoin..which is fine as long as it's just for your spending #btc and not for your savings which should be L1 #btc in cold storage that you created the entropy for yourself offline. \n\nThe miners supporting this attack are either short sighted or complicit with the fiat cartel. They must see that as long as the price of Bitcoin can be subservient to fiat currency then the incentive for BTC are also fiat inclined as the miners benefit from the short term fiat UOA view by people at the cost of the medium to long term success of the bitcoin UOA goal post. ",
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