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@pakovm
stacking since: #124697
10 sats \ 0 replies \ @pakovm OP 7 Jan \ parent \ on: I've put the Covenants Support Table into numbers once again. bitcoin
Hey thanks for the comment!
What makes me believe consensus is forming about this is being part of the conversation, not that many people are paying attention to it, since most believe "Bitcoin is unchangeable" so why care about it?
The reason this conversation is happening right now is because most developers I know want LN-Symmetry and other features to help scale Bitcoin off-chain, we already know that Lightning in the state it is today is not enough to scale Bitcoin as it doesn't scale ownership, you can't simply create a Lightning wallet and send money to your grandma as you can on-chain, it all depends of a lot of many factors such as liquidity, on-chain fees, etc... Covenants allow us to remove those limitations by having a lot more design space, they also keep the chain from getting impossibly expensive to use for most folks if we get these things via BitVM or other hacky ways, so yeah, I believe consensus is forming that this might be a need while we are all still against a block size increase.
That one will come with quantum-resistant signatures surely, but not before, before that we need better ways to do the stuff needed to scale Bitcoin.
This is exactly what I said about Linux when I was 15 years old "It's the fault of the user! No way to fix it!" Now we have people using Android, ChromeOS and SteamOS.
Please don't conflate working around limitations with actually understanding what you are using, a LN wallet might be easy to use for you and me, but we are not representative of the users that we all want to join Bitcoin.
Also, it's widely known that Lightning doesn't scale the ownership of Bitcoin, it simply off-loads transactions of already existing users from the chain.
It's a big improvement for sure, but it won't be even close to realizing Bitcoin's full potential and world changing money.
That isn't Bitcoin's purpose, that's the purpose the goldbugs and the austrian school advocates assigned to it.
Ownership rights for the masses is communism
Isn't communism exactly the contrary, no ownership rights fot the people and everyone depends on a third party (daddy estate)? This might be the most retarded shit I've read in a while, maybe ever.
So... Exchanges with Lightning support and custodial Lightning wallets... How does that scale censorship resistance and real ownership? How's that different to the banking system we have today?
You don't need to own an UTXO, but you could share an UTXO with a lot of other people, Lightning doesn't allow for that today, Liquid is just an IOU of Bitcoin on a blockchain that's permissioned.
None of these solutions scale ownership of Bitcoin to million of users while keeping the most important properties, but they scale banking on Bitcoin. which defeats the purpose of Bitcoin.
If you believe that Bitcoin we build just to recreate the same system but on a different monetary policy, my man, I have to tell you that you don't understand Bitcoin.
Sorry but it isn't, Bitcoin the asset is, but Bitcoin the asset is not Bitcoin the network, lamentably true Layer 2 that scale ownership are not achievable yet due to Bitcoin's lack of expressivity.
Sorry to say it Justin, but this is the most sentimental and retarded shit I've seen you say, and I've seen you see sentimental and retarded shit, but this is something else.
It's like Buttcoin and Bitcoin Maximalisn had a son with internet access.
Consider it whatever you want, but your options are:
- Cope
- Deal with it
- All of the above + accept that this was absolutely retarded from your part.
I recommend you follow option 3.
How do we bank the unbanked without scaling ownership? LN scales TPS, but not ownership of Bitcoin, we can bank the unbanked with other solutions, but changes to Bitcoin need to happen first.
About the Linux release I have 2 questions:
- Will there be a flatpak? Having to look for and executable inside my folders is a pain in the ass, worst UX there is, morso knowing that we already have distro-agnostic packages with a great repository, that already comes with most distros, which is flathub.
- Will it ever be possible to make the app have CSDs instead of SSDs? I don't think it would be to implement them under Gnome, many program that are not made with GTK and LibAdwaita already support the look.
If you are struggling with why __ person is speaking think about this: You might be a dogmatic fuck who thinks that Bitcoin is about morals and values when it isn't.