'>>58420091
He is right. Lightning is the way.';

'>>58420104
SHE is right, bigot.';

'>>58420112
IT is right, tranny.';

'>>58420091
I can move .36 bitcoin worth of value for an incredibly cheap percentage of that total value, and it can't ever be stolen, or blocked from transferring! WOW what a bargain.';

'Wow, a whole hundred burger coins to securely and trustlessly move billions across the world in minutes, so prohibitively expensive! Remind me, what's it cost to securely move 20,000 kilos of gold? If you're poor you can use a scaling solution like Lightning or a CEX or an ETF (or MSTR). From a systemic economic prospective nothing is gained by poverty cretins touching the holy ledger. The reality is 'physical' BTC is still cheaper than transferring even small quantities of gold, and the market will support larger blocks when this is no longer the case.';

'>>58420159
Why is Lyn defending this when bitcoin is kept prohibitively expensive on purpose for no good reason and the tech to improve this has been around for over a decade.
>The base layer is comparable to gold shipments via boat even though we have the technology to teleport gold';

'>>58420091
What's the fucking argument here? Bitcoiners have been consistently saying 2nd layer solutions are the way since before Vitalik even thought of it, and this a victory for methies how? It's just pure shitcoiner seethe about how some nihilistic shitbags polluted the base layer with the sort of worthless garbage that ethies unironically enjoy like its a feature, and that's somehow a win because I guess its dragging bitcoin down? This is some real turd worlder crabs-in-the-bucket mentality here. Complete with embarrassing cult-leader worship typical of the average meth head where you live vicariously through the dear leader Vitalik.';

'>>58420169
Let me guess you think raising the block size is a magic lasting scaling fix. Have fun with your irrelevant shit fork.';

'>>58420091
This whole fee debacle is showing how vulnerable Bitcoin network is to a money burning attack.
Imagine some government entity with $100 Billion to burn clogging the network up with spam transactions with $100 fees for years.
It would utterly destroy Bitcoin.
The UK, the US, the Fed, even Canada could destroy Bitcoin at a whim, that's why I am a Bobo.';

'>>58420219
Your bear case is some government periodically aping $100 billion into bitcoin just to burn it? Lmao you are retarded.';

'>>58420194
>What's the argument here?
That L2 fees are in the cents? What is the argument against it? People using L1 to send $8 worth is literally user error. Your coffee purchase doesn't need to be streamed to everyone in the world and recorded in all eternity. Or if you think it does, pay up.';

'>>58420219
Oh no, I would hate to own publicly listed miners in that situation. (I own publicly listed miners)';

'>>58420091
just use XRP
>but it's .. LE BAD! :O';

'>>58420219
>money burning attack';

'>>58420091
It costs $40 to send a wire transfer from my bank and another $40 for the recipient to receive it. That's the fastest way you can transfer money between banks and it takes up to 24 hours to complete.';

'>>58420298
>>58420265
>>58420243
Or you can just create more speculative nonsense like ordinals instead. This isn't some buttcoiner fantasy, this is what's happening right now. That pic is the OP is real. What now bitfag?';

'Does bitcoin even have a functional layer 2 yet?';

'>>58420315
Interac etransfer. I can move 10k daily between any banks I want instantly, with zero fees. Zero.

What's up now?';

'>>58420091
This is why Bitcoin will be used as a savings account and Litecoin will be your checking account.';

'>>58420219
>>58420219
it would technically come to an halt as no one is on the exchange to sell the btc required for the goverments to spam the chain constantly? also the more they spam the less other people can send to exchange to sell. but yeah i guess they can make it unusable for a few years.';

'>>58420219
>>58420398
i guess if they can implement a tax on bitcoin miners so that they have to give some of their bitcoin they get from fees.. then they can keep spamming forever lol. or if they mine their own spam blocks.';

'>>58420112
Why do maxis reject woke ideology but then also respect Lyn Alden's pronouns?';

'Runes, just like with Ordinals and Inscriptions, will be dead in 6 months.';

'>>58420381
You still have to buy bitcoin to pay the fees retard. You're secret plan to kill bitcoin starts with governments printing billions of fiat to buy bitcoin?

>>58420385
And L2 transfers are a few cents, except you don't get diluted every moment more and more by money printing. Those "free" bank transfers are just funding by the bank taking a cut of the ponzi interest they get from the gov. paid by supply dilution.';

'>>58420523
>Those "free" bank transfers are just funding by the bank taking a cut of the ponzi interest they get from the gov. paid by supply dilution.
I'm supposed to care about this? Why?';

'>>58420383
you still have to create a L1 transaction to open a lightning channel, otherwise the coins on lightning aren't actually yours and belong to a custodian. nobody has fixed this and you can't fix it. people have been telling the bitcoin community that lightning is retarded and they should try something else, but nobody listens.';

'Gold has real world value.';

'24 hours later after the halving glut this is what trune-cheerleading shitcoiners are celebrating... mildly elevated fees for the base layer when there are multiple 2nd layers people can and do use. We are still somewhat eating through the backlog in transactions caused by the truney-tune stuff mind you so there is still further to fall in the return to normal.

Meanwhile it looks like all the trune speculators are already set to lose big on their "investment", so I expect it will be quite a momentary fad even more so than all the other shitcoin fads that came before it. Shitcoin casino is truly in diminishing returns territory by now. Ethies would have been proud to have these trunes minted by ethereum since that is the whole reason for its existence, but for bitcoin its dog shit stuck on the bottom of its boot.';

'>>58420104
It would take a minimum of 30 years to onboard the whole world onto Lightning, and that's ignoring all the problems that Lightning itself has. Bitcoin is never going to be usable at scale';

'>>58420612
six doll hairs to open a channel. lightning is retarded no matter how you slice it, and every other scaling solution is just
>let's staple the EVM to it and see what happens';

'>>58420613
Only if you assume people aren't starting lighting.';

'Is it true that the Lighting network is highly centralized
Is this the only viable layer two right now for Bitcoin';

'>>58420577
It's incredible that the bitcoin community doesn't address this glaring problem. If we were to onboard 4 billion people to the bitcoin network, if would literally take 10+ years just for these new participants to even be able to make 1 transaction (opening a lightning channel). Unless significant progress is made in developing an alternate L2, btc is doomed.';

'>>58420147
Passive aggressive coping is the final piece of the baggie puzzle.';

'>>58420613
>30 years
>never

you are like a little baby';

'>>58420159
Well said. These fudders don't really think things through before they start spouting off.';

'>>58420613
>>58421100
B/c most people will just start on L2s and never touch the L1 because they will ignored bitcoin and will be buying in at like $100mil/btc only after their grocery store finally stops accepting fiat.';

'>>58421207
As far as I understand it, the only available l2 right now on btc is lightning and that is a system that is reliant on opening channels between two or more participants in order to do final settlement later. Does that system allow you to interact without being reliant on a third party, i.e., do you hold your own private keys, can you send to anyone you want without being censored, etc?';

'where did this lyn alden come from. suddenly being pushed everywhere out of the blue

is she a tribe member';

'>>58421225
>do you hold your own private keys, can you send to anyone you want without being censored, etc?
Who cares? If you aren't already in crypto you don't give a shit about self custody. You'll just being buying bitcoin at like $100mil to buy bread, and if you don't care about self custody now you won't then. You'll be on custodial wallets or even VISA or something. If you do care about self custody you are already in crypto and the future equivalent of a decamillionaire+ who won't give a shit about the fee to open a channel.';

'>>58421236
It's very concerning to have a financial system that uses an open ledger where you can see anyone's ever single transaction that also completely reliant on custodians. At that point we've recreated our current financial system but worse, it would be a financial panopticon.';

'>>58421243
Lighting isn't an open ledger, and it isn't completely reliant on custodians, wtf are you talking about';

'>>58420381
>WE'RE GOING TO ATTACK THE CHAIN BY MAKING THE BLOCK REWARDS GO THROUGH THE ROOF';

'>>58420091
lmao maxxies are in full cope. trying to cover "It's because THIS" "You shouldn't use it for such low transactions"

If I had the money I will put the biggest short of my life right now';

'>>58421274
>lmao maxxies are in full cope. trying to cover "It's because THIS" "You shouldn't use it for such low transactions"
>If I had the money I will put the biggest short of my life right now
Pretty much tells you everything you need to know. Its only meant for institutions and very rich whales. Normal people shouldnt even bother thinking about the shitcoin. I'd rather focus on xmr and ltc for payments instead.';

'its only a matter of time until everyone realizes runes or inscryptions on btc are a joke and they flock back to bsc, eth l2, solana';

'>>58420413
She isn't forcing it down anyone's throat. She keeps it to herself.';

'>>58420243
$100 Billion is chump change to an entity like the US government who can print as much as they want.
They print $1T per 100 day so $100 Billion is super cheap to kill something they perceive as a threat.

>>58420265
Miners will profit initially, but will be hurt too when the price of Bitcoin fall because no one can use it in a practical manner.

>>58420400
They can also bribe a miner into doing this too, easy peasy when you have unlimited money at your disposal.

>>58421252
If the transaction fees go through the roof Bitcoin would be effectively useless to 99% of people, which would kill it.
This is such an easy thing to do for the US government, but almost any government with $10 - $100 Billion to burn can cripple Bitcoin on a whim.';

'Bitcoin is such a joke. BCH, XMR, LTC, KAS are all superior PoW chains';

'>>58421589
>$100 Billion is chump change to an entity like the US government who can print as much as they want.
Printing billions to buy bitcoin is BULLISH for bitcoin you absolute retard.

>Miners will profit initially, but will be hurt too when the price of Bitcoin fall because no one can use it in a practical manner.
Except you're talking about the government buying 100s billions of bitcoin with printed money. They'd be bidding the price up in this time until they stop, then fees go back to normal and nothing was achieved in the end lol damn I hope the gov is that stupid.';

'>>58421246
^^^
and here we have a typical maxi who deliberately misunderstands lightning's shortcomings';

'>>58421631
I'm not even a maxi, its just factually wrong to call lighting and "open ledger" the only people who know about lightning payments are the participants, with only the routers knowing the next hop, and the broader networking being completely unaware of payments. Look up how it works.';

'>>58421625
They don't need to buy Bitcoin to do this you brainless Mumu because:

1. They already have billions in Bitcoin confiscated from Silk Road and other places over the years.

2. They can bribe a miner or another entity that has Bitcoin to do the money burning attack.

Sure maybe in the long run Bitcoin will go up in price due to this money burning attack, but it will be too late because Bitcoin would've been made useless for months or years.

You don't need to do this perpetually to kill Bitcoin, you just need to shut down the network for a few months.';

'>>58421655
1. So they're just burning their bitcoin just for a temporary attack? I still don't get it.
2. Wtf are you talking about "bribe" someone to burn billions? Its the same thing...?

Your master plan is literally pump bitcoin to the moon, which requires literally infinite money to maintain because you're just buying 100s of billions into lo liquidity. You could even maintain it because you would run out of bitcoin to buy.';

'>>58421589
Dullard. Medium of Exchange is a trivial use of money as transactional use carries little term risk, see: fiat value over time versus gold, BTC, equities. The chunky part of Money is the Store of Value, Unit of Account demand, as these demands can't be met by anything but an abstraction like money. Transaction fees don't matter for this use as only net flows carry meaningful information';

'I think the funny thing is that Bitcoin DID work perfectly for micropayments for a long ass time before people figured out that this shit was going to make them rich.
Now it works equally perfectly for what rich people would consider micropayments in fees, while also excluding poors.
Truly the patrician's coin.';

'>>58421589
>$100 Billion to burn
you should run for office';

'image satoshi hearing that bitcoins most devout followers are celebrating an etf, praising the sec for going after other crypto, worshipping a billionaire because he buys bitcoin, and blaming poor people for trying to use the chain.';

'>>58423566
>devout followers
here's how much we care bro
https://zeroleak.github.io/whirlpool-live/';

'>>58420147
>it can't ever be stolen
Nobody tell this guy about $5 wrench attacks.';

'>>58422673
Bitcoin never worked for micropayments. It always takes an hour to get 6 confirmations even with empty blocks and cheap transactions.
>>58421121
It'd take 36 years for 8 billion people. Let's be reasonable and assume it's used just by 1.5 billion in the first world. That would take 7 years and that's assuming that the Bitcoin blockchain is 100% saturated with nothing but Lightning onboarding transactions - with zero runes, ordinals, or real transactions in that time.
I doubt people are still going to view Bitcoin as being a safe haven from the problems of traditional finance after Bitcoin IS the traditional finance with obvious problems that are being ignored/ suppressed just so some rich boomers can pump their bags. The financial system has been disrupted before and it can happen again. Bitcoin isn't invincible.';

'>>58420975
no and no';

'This spam attack is just unsustainable. It's annoying right now and the UTXOs < $20 is basically stranded but the fee premium will go down once they realize they're losing money on garbage jpegs';

'Bitcorn is finished
This just proves it. If your chain can grounded to a full stop because of spam. Imagine what large sophisticated nation states and firms can do. Only a matter of time
The Bitcoin maxi community was largely quiet about the shitcoin spam. Actually they encouraged it. Bitcoin magazine and the Bitcoin conference all endorse it and took money from these inscription scammers.
Risking the long term viability of the network for short term gains smdh';

'>>58420159
>and the market will support larger blocks when this is no longer the case
Interesting coping';

'runes is already dead lol';

'>>58421589
>something they perceive as a threat
Nigger the chumps behind the US government WANT BTC to succeed because it's an integral mechanism to their plan to usher in CBDC and enslave the world after the US dollar collsapses under it's own weight (intentionally). The only US government there is exists as a puppet to serve central bankers and THAT'S IT.';

'>>58420091
Marxist propaganda
I have been swapping BRC20 through satoshirouter for a long time and it's really better for small purchase
BTC was always better for +100k transactions';

'>>58426755
>BTC was always better for +100k transactions
the merry go round of cope you faggots go through to justify the ponzi known as bitcoin';

'>>58426733
>>Nigger the chumps behind the US government WANT BTC to succeed
*Trades his BTC for Monero during the ATH*
Woops...';

'>you only had to listen
>he tried to warn you';

'>>58420091
The bitcoin chain is strong';

'>>58425548
>Bitcorn is finished';

'undefined';

'>>58426771
you're a malding fiatcel because your nigger system is underwater with its CRE bags
good luck on your 30Y bond sale, faggot';

'>>58421745
Based anon who calls everyone dullards all the time. He's a knower of things.

>>58423566
low IQ disingenuous strawmanning because that's all you got

>>58425548
>Actually they encouraged
The VCs behind Bitcoin Magazine are not Maxis, the CEO of Bitcoin Magazine definitely isn't a maxi for instance. Anyone can use bitcoin branding. The creator of runes and ordinals is not a maxi. They are literally shitcoin scammers who want to market stuff to the broader market of idiot degenerates in crypto world. It's the sort of nihilism and casual scamming that ethereum pioneered and which became the norm for all other altcoiners, and some VC dirtbags wanted to bring it over to BTC to make money off of idiots. It's amazing how little altfags understand about what bitcoin maxis actually think and why. You go on twitter and all the troons who are into shit like ordinals and the latest trune scam (which was launched alongside the halving causing the fee spike), it is all altcoin degens who barely know anything about bitcoin and who have shit like Bored Apes for their avatars. They get pitched the narrative of shit tokens being minted on top of bitcoin by the scam marketers, they aped in thinking it was the hot narrative of the moment. They get rekt and bored, move onto something else like the high time preference little NPCs they are. Maxis are the ones who called it out with contempt from the beginning.

>>58426771
The a2/WtgsH tag that this anon replied to for example is a shitcoiner, not a bitcoin maxi. Probably a pajeet bot as well the way he spams shit like satoshisync and BRC20 in every thread. You guys think anyone who buys an NFT named Satoshi is a bitcoin maxi though, your sense of definitions is so clueless. Bitcoin maxis don't want the network used like its pajeetherum for many reasons.

>>58424713
>>58428625
>>58426695
It was quite the little crisis wasn't it kek, fees already back to average and sometimes dipping into lower below average territory';

'>>58420091
I get your BTC
You'll receive MAGA TRUMP

It's not negotiable';

'>>58420091
BTC allocation isn't a bad idea for safe gains and to be very safe I choose to lock in a self-sovereign AA wallet for security and accumulate.';

'>>58428260
How about Ethreum chain? Vitalik was pushing implementing account abstraction to the network making it more solid.';

'>>58426903
I believe he gets screwed up. Instead of that, why not consider eth? alot of haters esp by sol and btc maxist. I thought the whole point was to make money. I have BTC and ETH and intend to hold both until 2025. I will probably consider restaking eth on Yieldnestfi to earn high rewards and eigenpoints while i wait for ful fledge bull run.';

'>>58426771
The person to whom you replied is a shitposter. ignore, but to think of it, why the hate, eth puupeta?';

'>>58420091
Solana going to flip Bitcoin eventually. Bitcoin doesn't have the horsepower to be the next revolutionary financial technology. Solana does';

'>>58420091
Bitcoin L2s are getting better especially with newgen oracles like Supra. Don't be fucking retarded.';

'BUTTCOIN';