0 sats \ 1 reply \ @TheBTCManual 9 Jun 2023 \ on: Will the lightning network destroy and absorb all altcoins? bitcoin
I think Taproot assets could attract some shitcoining but I don't see it migrating the entire market there is already so much being done there to cater to this cohort so let them trade their delusions and dilutions as they get demonetised.
I see welcoming shitcoining like BRC-20 and taproot assets as Ethereum envy, that capital was going to be wasted regardless and is fickle, it's not the kind of capital you want chasing projects in your space, you want capital driving projects that will remain, and bring value to the user base.
I am more than happy to see all these altcoins on bitcoin fail and see this behaviour head back to alt coin land where they trade in circles and waste their purchasing power and become irrelevant with time, while learning some lessons in humility as they have to stack sats like the rest of us
Yes, many projects are being demonetized. Although they shout at the top of their lungs that there will be a breakthrough, they lose in price, and Bitcoin becomes more expensive. I got a lot of interesting thoughts from the interview with Michael Saylor. It is good that some bloggers translate his interviews into other languages.
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