115 sats \ 3 replies \ @mallardshead 10 Sep 2023
Partial list:
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Gold standards were a good thing (no)
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Legal tender is a good thing (no)
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An enormous short-term spike in Bitcoin's price is sustainable with the current coinbase distribution (no)
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Global disruption is good for commodity money (no)
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Sudden USD hyperinflation will bring a durable spike in bitcoin's price (no)
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The time frame of how long it will take bitcoin to play out, lose its quote price, and monetize enough to push back on a global scale (hope you find the fountain of youth)
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Multisig is a good idea for most individuals (no)
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The Lightning Network design pattern is trending towards custodial solutions (no, quite the opposite)
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CBDC's are bad for bitcoin (no, they create a necessity for it)
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If the Lightning Network could only scale to support the world today, the world would use it today (no)
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An ETF will be approved before a crypto bill hits the Senate floor (no)
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Drivechain is a viable security budget solution (no)
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Incriptions are a real threat to bitcoin (no)
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200 sats \ 0 replies \ @DarthCoin 10 Sep 2023
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105 sats \ 0 replies \ @satoshi_in_the_classroom OP 10 Sep 2023
Awesome list. I don't agree or haven't thought about some of these... but nicely done.
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0 sats \ 0 replies \ @badabing 11 Sep 2023
Nice list. Agree with everything, except maybe the gold standard which might require some nuance imo.
Could you share your insights on your point about custodial solutions for Lightning?
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15 sats \ 2 replies \ @DarthCoin 10 Sep 2023
- Bitcoin will make you rich (in more money and wealth)
- Bitcoin is an asset
- Bitcoin will not scale if we do not do X... (bitcoin will always be scaling, no matter what we all day long debate)
- Bitcoin is unconfiscatable (it is, if you are dumb enough to give others the custody)
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5 sats \ 1 reply \ @satoshi_in_the_classroom OP 10 Sep 2023
Explain what you mean by not an asset? You mean in terms of yield? Or more of it's money opposed to say gold?
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5 sats \ 0 replies \ @DarthCoin 10 Sep 2023
is money and energy, not an "investment" tool.
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100 sats \ 2 replies \ @ceife 11 Sep 2023
In my opinion:
A common misconception among Bitcoin enthusiasts is thinking Bitcoin is completely anonymous. It's actually pseudonymous, and with enough effort, transactions can be traced back, emphasizing the need for privacy precautions
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10 sats \ 1 reply \ @BOLT11Village 11 Sep 2023
Yup, once you do kyc on an exchange your identity is linked to that bitcoin even after you transfer it out of the exchange and onto cold storage.
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15 sats \ 0 replies \ @satoshi_in_the_classroom OP 11 Sep 2023
Yes. Totally. It's not anonymous.
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