Cryptodollar may be killing bitcoin has more sence. But on the second thought even this does not make much sense.

Holding is using but at some greater scale you are right. Toxicity is the fear of Bitcoin getting replaced by some Analos via market driven incentives and the way to guard market by some church / cult like monopolistic mechanics. And boy it hurts.

Bitcoin will be fine. Lightning is not.

Layer 2 term was born during big block small block controversy. This is an important context.

And the definition is fine.

This is way too aggressive. LN could only benefit if combined with CJ even if certain people rejected LN.

Yes. Impossible to compete.

It is just crazy. How much money they have spent on it.

No. 5 years is magical term for all hodlers to become profitable. Google "hodl cave unchained capital" for example.

Yes. Strike has begun from that some years ago.

Could it be that some of these BCEs spring up because the founders believe that they'd get funding?

I mean, as a source of livelihood or a job?

Thanks for sharing this

Well, lnurl sometimes reusable.

Lnurl is entire standardized protocol for "pays", "withdrawals" and even authentication.

Is this LNURL or pastebin for invoices or what.

Sorry for that. Use telegram, x for outreach. Albeit recently X also begun shadowbanning everything related to cryptocurrency.

You asked, and here you go!

#1417825

I like how they do DeFi play book. This is what undeappreciated in Bitcoin space which lacks risk appetite and lacks entrepreneurial activity.

But when it comes to protocols there are / were plenty of them. MercuryLayer tried to build statechains.

From two examples above it looks like a wrapper over miniscript. Same thing may be done with policies.

Mr Darthcoin, we live in a Fiat-run world while trying to make it a Bitcoin-run world. Imagine where businesses use Bitcoin as the underlying asset transferred when they make Fiat transactions. This is what the Fiat channel proposes.

It indirectly sews Bitcoin into the architecture of traditional finance, then suddenly everyone prefers to measure value directly in Sats and not in Fiat because over time less sats is exchanged for the same quantity of fiat.

Volatility against the prevalent unit of account (fiat) is an inherent feature of Bitcoin as a free market money. It will wane and reduce over time with more adoption and daily application in trade.

Using Bitcoin directly for trade and for value exchange, especially in a fiat-run world, will often require re-conversion into Fiat which ultimately renders Bitcoin as just a medium of storage of value, a value measured in fiat, not in Sats.

But having Bitcoin as the base asset for transferring fiat value means more people use Bitcoin, albeit indirectly making more people learn about the Lightning network, ask more questions, and hence learn about opting out.

Carrefour could hardly ever pay its employees with Bitcoin because it's a Fiat company. Even if they want to do that, they'd have to first go through the stress of buying Bitcoins with Fiat and then paying their employees.

The easier way we scrap all that is through Hosted/Fiat Lightning channels.

With that, Carrefour can directly accept Bitcoin payments while retaining Fiat stability, pay their workers with Sats without volatility concerns, and can easily move any profits from Bitcoin sales to on-chain if they so wish.

The easier way to transfer the Fiat-run world onto Bitcoin is to make Bitcoin the base asset on which the Fiat value is moved. Fiat channel is the closest attempt to achieving that.

And nobody needs to depend on any particular entity since anyone can run a Lightning node and be their own Host.