Thread

How about your dishonest opinion?

😅 it doesn’t exist

Neither do I. Have a great weekend.

Right cuz we all just trust the custodians... Great so cool.

There are multiple infrastructures you can use. It’s up to you. I don’t buy ETFs or Strategy shares either. I also use LN and Liquid Bitcoin alongside on-chain Bitcoin transactions. 🤷🏻‍♂️ You have a choice. That’s all.

You realise the supply cap of 21million only works if you aren't trusting a custodian that will inevitability rehypothicate the supply.

No, they can’t. You and everyone else can create any derivatives you want. You can’t print Bitcoin, but you can print paper. It’s not the same. True peer-to-peer payments were never meant to be only individual-to-individual or consumer-to-consumer, they’ll always be consumer-to-business (C2B). It’s inevitable that a wide range of society will adopt Bitcoin. Bitcoin won’t change just because someone has an opinion about it.

If i have to trust a custodian i'd rather use gold and paper. Then i don't have to worry about knots/core

So you don’t use a custodian with Bitcoin. Where’s the limitation? Maybe some people will use Bitcoin banks, so what? :)

That only work for so long as fees are low and fees being low forever is an existential threat to the network security of bitcoin.

No, not really. I bet mining in 2032 will be almost twice as profitable as it is now, even after two halvings. And what if it becomes 40% less profitable to mine Bitcoin? So what? We’ll drop to 600 EH/s because the system will simply adjust its difficulty. Bitcoin doesn’t need 1,000+ EH/s of computational power — mining firms just want to mine harder.

Well that makes the feea go high anyways then just of the 1sat/vbyte default