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50 sats \ 15 replies \ @fiatbad 5 Jun \ on: Obvious question is Obvious: Where the hell is everyone??? bitcoin

Have you read Roger Ver's book, "Hijacking Bitcoin"?

I'm not a fan of it..... I think it's full of issues.

But it really does seem like there have been a few large scale psi-ops designed to neutralize Bitcoin and ensure it doesn't get "used" in any meaningful way.

Empty blocks suck. So do full blocks. Ultimately, I think Bitcoin is in a weird Goldilocks-zone of balance. A paradox where no metric ever looks "perfect" when viewed individually, but as a whole are perfectly balanced with respect to the reset of the system.

311 sats \ 9 replies \ @000w2 5 Jun

Literally everything I pay for with bitcoin is over lightning: esims, vpns, steam credit, zaps. I do more bitcoin transactions than ever but the fewest on-chain transactions I've ever done.

91 sats \ 1 reply \ @fiatbad 5 Jun

Same. And I love it. This is how it should be.

What worries me is that Bitcoin is not threatening the legacy monetary systems in any real way right now. This would make Satoshi frown, if he were still around today.

I guess the plan is to wait for their unstable system to collapse under its own weight and Bitcoin will be there with open arms for the survivors. Kinda sad, though, because I think Bitcoiners should be fighting for the change.... not waiting for it to happen. This means doing everything we can to stop using fiat, even if it makes our lives inconvenient. This is a moral and ethical thing to do. Gresham's Law is an excuse to be complacent.

0 sats \ 0 replies \ @fourrules 5 Jun

I think the first ever non-violent revolution is it's own power move, and trying to hasten things can only set us back.

12 sats \ 3 replies \ @Scoresby 5 Jun

Exactly. When was your last on chain tx? Mine was more than a month ago.

22 sats \ 1 reply \ @fiatbad 5 Jun

I opened a large Lightning channel today at a rate of 1 Sat/vb. That channel will allow me to make thousands of Bitcoin payments.

Lightning ain't perfect.... but it's a 1000x better than the naysayers say.

34 sats \ 0 replies \ @028559d218 OP 5 Jun

I think Lightning is great. Most of the 'fud' around Lightning... originates with the shitcoiners who know that Lightning destroys their fast-cheap-private coin's use case.

17 sats \ 0 replies \ @denlillaapan 5 Jun

Actually got paid like three days ago, so...

but I take your point

0 sats \ 0 replies \ @denlillaapan 5 Jun

Same

0 sats \ 0 replies \ @nout 5 Jun

Yeah, I use lightning quite often and onchain only very rarely.

0 sats \ 0 replies \ @028559d218 OP 5 Jun

God bless you

17 sats \ 4 replies \ @028559d218 OP 5 Jun

I haven't read it. I have read plenty of the pro big block narratives... and I totally disagree with them because they don't make sense. Blockchains don't scale without layers.

We went from like... 200 sats/vb full of jpegs the end of 2023/early 2024... to like an all-time high exchange rate with practically empty blocks as of right now.

It's kind of jarring honestly. Granted Lightning Txs don't show at all but the on-chain element should be there regardless.

26 sats \ 3 replies \ @fiatbad 5 Jun

For what it's worth. I did my part. I opened a new Lightning channel today.

It ain't much, but it was fucking free.

0 sats \ 2 replies \ @028559d218 OP 5 Jun

I coinjoin a few sats now and then just for day... that one of my coworkers wants to buy some for themselves. I would sell them at spot (no markup) which is a great deal.

No takers so far.

0 sats \ 1 reply \ @fiatbad 5 Jun

Damn. I wish I still had dollars to sell you. I'd take you up on that offer in a heartbeat.

0 sats \ 0 replies \ @028559d218 OP 5 Jun

I know right. (Small print: 'special rate' for normies only ;) )