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28 sats \ 1 reply \ @028559d218 22 Mar \ parent \ on: The Crumbling of the Dollar (FT Weekend Essay, Barry Eichengreen) econ
Bitcoin is what it is today... because of speculative nonsense, NGU fools, Youtube 'open mouth' disease, and trader retards.
I don't think that lasts forever. As far as lightning goes... yes there is some trust involved with the apps the ecosystem the way it's developing, but in my opinion there is with everything. Everything has a cost nothing is free.
And I don't think the speculative trader retards will be around forever. Eventually Lightning as a discussion-motivator will migrate beyond Stacker News and Nostr... companies will want it to facilitate their websites plus spam-reduction, and people will like it. Then we will see what Bitcoin is really worth.
This is my opinion.
You may hopefully be right.
In its early stages I tried LN and found it difficult (as a low tech user) and suspect many others did as well- only since finding SN and using coinos wallet have I found LN is now and can be user friendly for non tech people.
This gives hope that adoption can and will grow.
I am not even totally opposed to state / banker fiat money but believe that having Bitcoin as a competitive alternative is very healthy - it imposes some competitive discipline upon the fiat operators and gives people freedom of choice.
With CBDCs probably emerging along with Chinas increased monetary power projection Bitcoin being available as an alternative to state fiat is nigh essential in terms of freedom.
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