10 sats \ 1 reply \ @grayruby 4 Dec 2023 \ parent \ on: Has Lightning Failed? bitcoin
Was it a bitcoiner or crypto person? There is a trope amongst some crypto people that because there is more WBTC on ethereum than BTC locked in lightning that somehow that means lightning is a failed project. But lightning is just a network of liquidity channels that zap sats back and forth whereas WBTC is used as a collateral asset usually in defi on ethereum so the monetary velocity profiles are completely different.
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50 sats \ 0 replies \ @CoSatoshi OP 4 Dec 2023
It was a quasi-Bitcoiner. Someone very much on the libertarian/Austrian side political/economically, but has an ETH node, too. I'd say he's 80% maxi, 20% crypto-bro. 100% anti-fiat. Oh interesting, didn't know and hadn't heard that before about WBTC. He didn't mention that in our brief discussion...
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