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by whoisninja 1642 days ago
just curious, have you heard of lightning network ? try things out, try breez wallet. you can pay with lightning at McDonalds, Starbucks in El Salvador

rest of your claims about blockchain, privacy etc - are correct

the "Crypto" and "web3" is all scams

1 comments

LN is mathematically guaranteed to end up centralized.
how so?

also it doesn't impact Bitcoin, you can self-custody most of your wealth. Put what's needed to transact on lightning (checking account)

https://medium.com/@jonaldfyookball/mathematical-proof-that-...

In short, if it didn't (it does), then we've proven P = NP and the very foundation of Bitcoin itself crumbles.

Self custody of bitcoin is not self custody of wealth. Not your fiat not your wealth.

when you realize this author makes money from shitcoin content:

https://news.bitcoin.com/author/jonald/

drink the kool-aid , rather than trying the software itself.

good luck

Do you have a rebuttal of any substance or just personal attacks on the author?

The irony of a bitcoiner accusing someone else of drinking the Kool aid. Lots of people participated and made money in Madoff's scheme for decades too.

fyi before downvoting: this article's author works at bitcoin.com which is run by Bitcoin-cash people, it was an attack on Bitcoin that failed

read the book: the blocksize wars

It is a logical fallacy to focus on who the author is. You either can point out where the error in his reasoning is, or not. Because it sounded pretty convincing to me: to participate in routing a payment you need to have at least the paid amount tied in the lightning network, which favors people with a lot of spare cash, who can have more channels open, and process more payments.