140 sats \ 3 replies \ @BlueSlime OP 11 Feb \ parent \ on: Ecash is just digital fiat. Change my mind bitcoin
I think a lot of folks that oversold lightning are now backpedaling into fiat banking and pretending its a scaling solution
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0 sats \ 2 replies \ @Scoresby 12 Feb
Would you consider bitcoin a failure if there is no way to scale the self-sovereignty guarantees of the base layer to 1 billion users?
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160 sats \ 1 reply \ @BlueSlime OP 12 Feb
I think as long as the game theory holds and Bitcoin replaces fiat as the global reserve currency, then humanity wins.
It may turn out that we need ecash for the last mile of money transmission, but I'm not ready to abandon lightning for fiat mints
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0 sats \ 0 replies \ @Scoresby 12 Feb
Definitely. Hopefully the lightning doom and gloom will blow over. I certainly find it useful.
Anyway, thanks for asking the OP question and starting this whole discussion. Always come away from these with new understandings.
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