10 sats \ 1 reply \ @corncob 7 Apr 2023 \ on: Bitcoin in El Salvador: An honest live report. bitcoin
Thanks for sharing a real take.
For sure, I agree. I see a few posts here and there on Twitter about what happens if Lightning doesn't succeed. I think it's a good debate to have. I don't currently see alternatives to lightning, but that said I also can't see the future and what else is possible.
Will bitcoin ever increase the block size as adoption increases and onchain txn become extremely cost prohibitive? I've been pondering the question the last few weeks for some reason. I suspect no, but I'm trying to think through 50 years from now when (hopefully) everybody uses BTC/Lightning. Maybe it's a pointless exercise as continued innovation will happen that I can't see today, but just a question I've been wondering.
I've got no love for exchanges here, but a breakdown of Binance would set back trust and adoption by nocoiners by years and that loss seems worse than having Binance continue to operate.
Great article. A chilling scenario to think through over the next decade as markets no longer seem to run efficiently, this quote here sums up quite well to me.
"the past few years, has made a binary-choice gambler out of all of us. With the capacity for attention dwindling, the choice is either “it’s over” or “we’re so back.” Inflation falls 0.2% under expectations? We are so back. S&P 500 jumps 5% in a single day."
GENESIS