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224 sats \ 13 replies \ @Car 9 Sep \ on: Is L-BTC a shitcoin? bitcoin

For the record I muted you and Boog for year, then you started posting good content, then I unmuted you. 🫡

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122 sats \ 11 replies \ @Car 9 Sep

also worth mentioning, I think these services are fine for certain use cases but they usually take 3-4 years to cook and bake to even have that use case, things just move incredibly slow in Bitcoin especially when it comes to new payment technology the devs work on, always best to just wait and see, you don’t lose any sats that way💫

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1 sat \ 2 replies \ @Scoresby OP 9 Sep

sure, but my epiphany is that they are clearly custodial services.

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1 sat \ 1 reply \ @Car 9 Sep

they always were, this is what everyone was trying to tell you a few years ago but the bitcoin media industry was too loud for anyone to believe what a lot of people on the ground were seeing and talking about at the time, apparently even the ceo of fedi didnt know

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1 sat \ 0 replies \ @nitter 9 Sep
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42 sats \ 7 replies \ @justin_shocknet 9 Sep -100 sats
they usually take 3-4 years to cook

Can't cook the bad out of bad principles.

Fake L2's are what they are. Lightning is how it is because real constraints exist and are immutable.

You can believe in engineering or you can believe in magic, engineering has limits, the way Bitcoin works has limits.

They may get better at sweeping things under the rug, or coming up with new narratives, but underneath the laws of gravity still apply. They will always be fake and make un-Bitcoin tradeoffs.

22 sats \ 0 replies \ @Scoresby OP 9 Sep

all part of the process! it was signal that helped me figure out where I was going awry. (although I wouldn't have known had you not told me)

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