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0 sats \ 5 replies \ @Undisciplined 20 Sep \ on: Powerful tweet from Giacomo Zuco about Bitcoin cycles bitcoin
I get the critique of "1000 L2's", but are you implying that there's no need for any?
yes. bold yes.
Bitcoin onchain is the vault, final settlement, the central bank.
Bitcoin LN is The Payment Network.
That's all.
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Gotcha. That's what I thought your position was.
I'm still learning about the functioning of the LN, but you think it will overcome its existing shortcomings, rather than be replaced by something else?
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have patience... LN is just a baby... barely can start walking on his feet....
LN will never be "replaced", but yes maybe other things will be built on top of it and will use it (eg ecash cashu).
Bitcoin itself CANNOT work without LN and LN cannot work without a strong base Bitcoin code at L1.
All the rest is just a distraction... Giacomo is 1000% right.
Always remember my memes, I post them for a reason, and I always have a reason.
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The problem is neither bitcoin nor LN. Most people and business do not think in terms of decentralization. The fiat way of thinking is centralization. But, as I understand, at individual level, you can't change bitcoin. It changes you, inside out. And, most people aren't willing to go through this transformation.
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