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81 sats \ 2 replies \ @justin_shocknet 17h \ parent \ on: COMMENT BOUNTY CHALLENGE BooksAndArticles
That's scammers using emotional blackmail to adopt their shitfork
Reality is that there's two factors in scaling
  1. Transaction throughput: Lightning already scales transactions infinitely
  2. Ownership: Distribution is the real bottleneck, there's a minimum amount of Bitcoin needed to not be dust, and even at sub-sat fees today there's not enough Bitcoin for everyone to trustlessly transact (unilateral exit)... a few hundred million people at most... likely less as big accumulators like institutions continue to accumulate.
Lightning already has batch opens that reduce costs 80%, but no one uses that because cost isn't a bottleneck.
Ark batching also doesn't lower the boundary on unilateral exit.
Fake L2's literally solve nothing, Lightning for better or worse realizes the immutable physics of the chain and fake L2's are scammers trying to sell a perpetual motion machine.
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0 sats \ 1 reply \ @Solomonsatoshi 16h
But fiat money is an essential strategic power projection tool for the nation state- and the nation state is fundamental to the wealth of nations.
Wanna buy some rare earths for your military industrial complex?
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0 sats \ 0 replies \ @justin_shocknet 16h
#1265141
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