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0 sats \ 9 replies \ @SwapMarket 13h \ parent \ on: A quick question - who is still buying this crap? bitcoin
Maybe, but Adam Back is the original cypherpunk behind proof of work. What they also do, is running free seminars for developers around the world:
https://liquid.net/bootcamp
That's how they brainwash young devs...
Adam Back is the original cryptopunk behind proof of work
So what? Do I have to follow him blindly?
Do not underestimate the power of the dark side...
And "cryptopunk" is not the same as cypherpunk...
And cypherpunk doesn't mean that automatically is not a fiat maxi...
I never saw Adam promoting heavily the use of Bitcoin as money, but the opposite...
He's always making price predictions like any other shitcoiner... and that is a red flag for me.
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Was a typo, he was cypherpunk like Satoshi. Adam is building a FOSS finance infrastructure to compete with banks. I respect that a lot. More choice is always good. If Liquid starts KYC or AML etc, we can always spin up another Elements sidechain and opt out.
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We do not have to compete with banks.
We have to build a parallel economy based only on Bitcoin. Anything that touch fiat system is doomed to fail.
That's all.
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It's... impossible.
It is in my opinion impossible to go directly from Bitcoin to... more Bitcoin.
99.9% of people still use fiat on a daily basis, maybe in 20 years it will change but we are nowhere near that point.
A 'parallel economy' implies that all things everyday now and tomorrow are priced in Bitcoin which is not true. They are priced in dollars, then euro, then yen probably in that order...
And as Bitcoin outperforms the dollar (which it has done for 15 years) more people will learn about it, save in it, ultimately custody it, and eventually spend it.
But the process to 'replace banks' will take generations and more likely it's like Bitcoin 'eating the banks' as they themselves use Bitcoin more and more.
A parallel system separate from banks... is impossible because it's impossible to separately price goods and services from the broader market.
Which is first and foremost looking for stores of value.
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Adam is building a FOSS finance infrastructure to compete with banks
Like latest integration of a crapto platform into Green wallet (https://www.meld.io/crypto-stack) ?
Just this is a big red flag for Blockstream.
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What... is this?
I have used Green wallet and it features on-chain and Lightning through greenlight - a kind of lightning node in the cloud accessible only through the user's keys. On-chain plus Lightning plus maybe a liquid sidechain (which is optional)
I have never seen meld.io before
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I don't. Knowledge is power for both sides. I take what VC projects offer to increase my own freedom and freedom of others.
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I take what VC projects offer
Would you also accept USDT from Tether to build a tether based app?
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Doesn't Tether depreciate every year????
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