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312 sats \ 3 replies \ @028559d218 OP 8 Sep \ parent \ on: Knots doesn't make any sense to me bitcoin
Lighting actually works... really well. I don't know why more people aren't using it, and using it transactionally in lots of places.
I have bought burgers and shakes, some wine, books, a gift card... stuff like that and everything was instantaneous and cheap.
Meanwhile the mempool is full of... 1 sat/vbyte apathy. I don't get it. If it's 'so great' and 'such money' 'so powerful' then...
People should be tripping over themselves to spend it and use it right?
I don't know where Ver gets his "transactions are too expensive, too slow" explanation. Blockchains don't scale and so layering is required which is what lightning does.
I completely agree. And I think Ver is wrong.
The issue I have is more a cultural one than a technical one.
Take the Simply Bitcoin company as an example. I have been to multiple events with those dudes. They talk such shit about fiat, but they quickly pull out their fiat debit card when it comes time to pay the tab at the bar. They don't flinch, they don't actually care about not using slave money..... even though that's the talking point that is paying their bills.
Contrast that to what @btcisla is doing with her YouTube channel where she did a 21-day Bitcoin ONLY challenge. Sure, that was just a stunt for views/likes. But she clearly has a real passion to use Bitcoin for more than SoV and to stop using fiat as much as possible. She'll spend fiat, but she cringes when she has to.
Imagine if EVERY Bitcoiner in the USA did a 21-day Bitcoin ONLY challenge. It would change everything. It would have a huge impact on the economy for those 21 days, and merchants would adapt quick. Politicians would have to change their approach to things like capital-gains taxes on Bitcoin or they'd be voted out in no time.
There are A LOT of Bitcoiners in the USA.... enough to make a serious impact if they actually coordinated an attack on fiat, instead of simping for the Fed and JPMorgan.
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Imagine if EVERY Bitcoiner in the USA did a 21-day Bitcoin ONLY challenge. It would change everything. It would have a huge impact on the economy for those 21 days, and merchants would adapt quick. Politicians would have to change their approach to things like capital-gains taxes on Bitcoin or they'd be voted out in no time.
I agree 100%. Talk is cheap. Where are the people spending???
I understand that this process won't be overnight... but frankly all the "monetary-maxi" people talk about is.... talk.
They don't act. Monetary maxi people on social media talk a great game about "bitcoin the money" etc but are they spending? My experience suggests very few of them.
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Yup.
I know, there is more friction right now to spend Bitcoin than fiat.
But damn.... the USA had to fight for its independence from England because of "taxation without representation" (i.e. FIAT MONEY). They coordinated and died for it. And most of the population of the colonies were against independence. A small 10-20% were enough to make the change happen without the help of the majority.
Bitcoiners today are even greater in number.... but seem to be un-willing to fight a similar war. To me, it's shameful.
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