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26 sats \ 2 replies \ @dingding541 8 Mar \ on: Bitcoin Users... and *especially* Lightning users live in a Total Bubble (sofar) bitcoin
Look at historical examples of emerging tech.
  • horse & cart companies demonising the automobile
  • oil & gas companies demonising electricity in the home
  • tradfi demonising Bitcoin
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19 sats \ 1 reply \ @028559d218 OP 8 Mar
We have 'coins' that people are buying and speculating on... that are literally issued by companies (Ripple) and created out of thin air (Air-tokens, Non-Proof-of-Work).
People are 'buying them' to hope they 'go up'. Hoping the government 'drops the case' so they 'go up'...
Meanwhile Lightning adoption as a solution to 'ethical' proof-of-work scaling... is really really slow. 99.9% of the population has never heard of it. And the ones using it are on Nostr which likewise 99.9% of the population has never heard of.
Crypto-scams are front-page news (apparently promoted by the president?) and people think crypto is all anonymous 'tulips'.
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5 sats \ 0 replies \ @TNStacker 8 Mar
Learn the history of money and banking and you will see this is nothing new. In the 1800s banks issued their own paper currencies (shitcoins) supposedly backed by gold.
Nothing new at all.
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