pull down to refresh
0 sats \ 16 replies \ @SwapMarket 23h \ parent \ on: A quick question - who is still buying this crap? bitcoin
I don't work for Blockstream or "have bags of Liquid" to sell. I don't believe a link exists between Liquid and jpegs/runes/inscriptions. There are always crooks trying to rip off fools whichever way possible. I share your frustration with normies being distracted with shitcoins and scams, but that's life. I don't advocate that everyone uses Liquid, but I enjoy transaction obfuscation and atomic swaps it offers. Both Lightning and Liquid (or sidechains in general) were invented by Blockstream. They are smart guys I respect and enjoy learning from. Blockstream, Lightning Labs, ACINQ, Boltz etc, are not crooks, although they develop Bitcoin infrastructure for profit. Capitalism is what drives innovation, and you are free to use it or ignore. There is no conspiracy "to move everyone to Liquid" like you say, it is just a good tool for certain scenarios, and it is a form of Bitcoin, same as Lightning or Ark.
I trust NO ONE of those...
were invented by Blockstream
No. Blockstream is just a company. Not the inventor of LN.
reply
ElementsProject is part of Blockstream afaik
reply
Yes but that is long way to say that "Blockstream invented LN"... You could say that Blockstream funded.
It is a club and we don't know much details about... that's why I question everything and not take it for granted.
reply
Maybe, but Adam Back is the original cypherpunk behind proof of work. What they also do, is running free seminars for developers around the world:
reply
That's how they brainwash young devs...
Adam Back is the original cryptopunk behind proof of work
So what? Do I have to follow him blindly?
Do not underestimate the power of the dark side...
And "cryptopunk" is not the same as cypherpunk...
And cypherpunk doesn't mean that automatically is not a fiat maxi...
I never saw Adam promoting heavily the use of Bitcoin as money, but the opposite...
He's always making price predictions like any other shitcoiner... and that is a red flag for me.
reply
Was a typo, he was cypherpunk like Satoshi. Adam is building a FOSS finance infrastructure to compete with banks. I respect that a lot. More choice is always good. If Liquid starts KYC or AML etc, we can always spin up another Elements sidechain and opt out.
I don't. Knowledge is power for both sides. I take what VC projects offer to increase my own freedom and freedom of others.
And if you think they make too much money, take their code and run it yourself at swapmarket.online ! )))
reply
yes I use sometimes swap.market but only to swap sats between LN channels and onchain.
No liquid and tether crap.
reply
Haha, I know! But that is the beauty of FOSS: you don't have to trust the devs to run their code!!
reply