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0 sats \ 2 replies \ @pakovm 15 Nov \ parent \ on: THE CONSENSUS CONUNDRUM - Bitcoin faces a one-of-a-kind leadership problem bitcoin
You don't need to own an UTXO, but you could share an UTXO with a lot of other people, Lightning doesn't allow for that today, Liquid is just an IOU of Bitcoin on a blockchain that's permissioned.
None of these solutions scale ownership of Bitcoin to million of users while keeping the most important properties, but they scale banking on Bitcoin. which defeats the purpose of Bitcoin.
If you believe that Bitcoin we build just to recreate the same system but on a different monetary policy, my man, I have to tell you that you don't understand Bitcoin.
The purpose of Bitcoin is to separate money and state: to deny the monopoly for issuance. It achieves that. Ownership rights for the masses is communism and utopia. Capitalism and banking will never die. But now anyone can become a banker, a broker or an exchange if he has skills. That's the difference - open protocol.
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That isn't Bitcoin's purpose, that's the purpose the goldbugs and the austrian school advocates assigned to it.
Ownership rights for the masses is communism
Isn't communism exactly the contrary, no ownership rights fot the people and everyone depends on a third party (daddy estate)? This might be the most retarded shit I've read in a while, maybe ever.
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