moonsettler

guys, this is serious. once you make it so, that #bitcoin payments between ecash mints and other custodial wallets can be routed via a "p2p" credit networks instead of lightning, it's game over! back in 2017-2018 the cashies kept saying this is how "lightning" will end up. a network routing IOUs. some even went as far as to claim HTLCs are IOUs. but there is a huge difference. and it's a very important difference. you accept this tiny level of convenience instead of resisting it at all cost, and you literally reinvent the fiat system with modern fictional reserve banking overnight. if this is how bitcoin scales, it offers nothing new to the world. all the "revolution" is undone. some people that push these may mean well. but they are still undoing satoshi's work.

man, i was looking forward to see if John's views finally evolved. but they just further devolved into a shameful display of coping about the "necessity of trust". the entire point of #bitcoin, it's most important value proposition was that it does not require trusted third parties. that you can be selective about entering into a trust relationship on your terms when you see fit and not forced to do so for the most basic utilities. the other common mistake John seems to still subscribe to is thinking the "ponzi" works without the freedom tech at scale. it does not. paper bitcoin undoes the scarcity. institutionalized bitcoin has no cap on the supply. "your journey ends here insert coin to try again!" trust and credit sure work. and scale spectacularly. they are also copes and clear capitulation from the mission. they also only work until they don't which usually the lesson every nth generation has to learn and then the world forgets. @John Carvalho @Vlad, Bitcoin Takeover Podcast

i just wanted to watch a video you fucking retard!