True North: Bitcoin's Peer-to-Peer Promise - #306 \ stacker news ~bitcoin

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True North: Bitcoin's Peer-to-Peer Promise - #306 livingonbitcoin.substack.com/p/true-north-bitcoins-peer-to-peer?publication_id=675574&utm_medium=email&utm_campaign=email-share&triggerShare=true&r=9bii2

695 sats \ 12 comments \ @siggy47 20 May bitcoin

It's frustrating to see how the current Bitcoin culture and climate has turned. We went from "freedom money" to "pump my bags, please." The idea of "Fuck the Banks" to "For the Banks" has been disappointing.

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64 sats \ 3 replies \ @0xbitcoiner 20 May

1 - Beat the competition

If CBDCs geared towards fast, cheap and stable payments, the Bitcoin needs it must exceed it. Whatever the CBDC does, Bitcoin needs to do it better. Faster, cheaper, more reliable and more private. Not on the second layer, at the base.

Is he proposing PoS?

68 sats \ 2 replies \ @siggy47 OP 20 May

I don't think so. I think he's advocating more on chain development.

64 sats \ 1 reply \ @0xbitcoiner 20 May

Maybe he doesn't have a lot of technical knowledge, because making bitcoin faster means changing the fundamental rules of bitcoin.

36 sats \ 0 replies \ @siggy47 OP 20 May

I just re-read it. You're right. He clearly puts it on the devs. From what I know about the account the guy lives in bitcoin, has never indicated an advocacy of Ver style bullshit. I would have thought he would embrace lightning or other level 2s.

64 sats \ 2 replies \ @cristaiji 20 May

I don’t really understand why he’s down on layer 2s. I agreed with a lot of it though. Bitcoin needs to work for everyone and be easy to onboard.

20 sats \ 0 replies \ @siggy47 OP 20 May

The reason I was interested to begin with is that lately I have ventured from my little SN bubble of kindred spirits and have run into bitcoiners who think you're nuts to spend a single sat on anything. I needed a dose of "living on bitcoin" perspective

0 sats \ 0 replies \ @kilianbuhn 20 May

Imagine the whole world was hyperbitcoinized. Just look at how many channel openings/closings you did in the last 12 years? Multiply it with the number of people on earth.

L2s did a lot. But it's not enough.

54 sats \ 0 replies \ @SwapMarket 20 May

Calls us kids, but knows very little. Global south is already embracing lightning. It is fast, cheap and can easily be used non-custodially.

54 sats \ 1 reply \ @StillStackinAfterAllTheseYears 20 May

I really don't get why he's opposed to L2. Otherwise, I'm totally on board with faster, cheaper, and (especially) making BTC more user-friendly. To me, that's the whole point of L2.

31 sats \ 0 replies \ @siggy47 OP 20 May

Exactly. I feel like somebody has to talk to this guy. I know @DarthCoin reads his stuff.

5 sats \ 1 reply \ @Satosora 20 May

For the banks? In what way?

0 sats \ 0 replies \ @kilianbuhn 20 May

https://pbs.twimg.com/media/Embjg89WEAQPlzW?format=jpg&name=900x900