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Totally agree with this post and your other 2 tweets:
- https://nitter.net/CapitalistDog1/status/1737896114429272380
- https://nitter.net/CapitalistDog1/status/1737532103951020518
I will just add this:
https://i.postimg.cc/sXmH6BvR/vader-power-dark-side.jpg
The todays problems with BTC and LN are not the fees, but the stupid force closes of channels.
If we find a way to limit to minimum reasons a force closing channel, LN will work just fine.
Opening channels in high fee environment is NOT the problem, the force closing channels is the problem.
If I have the certainty that a channel will not get force closed in the next year, I could easily manage my batch channels opening in a better way and cheaper.
But if I open today a 20M sats channel and in few months get force closed because some stupid shity node in the routing path got stucked HTLCs (not being my fault), that hurts a lot and disrupt massively the network.
In theory you do not have to close a channel if it just work fine and route payments. You close it ONLY in emergency cases and even then first you try to have a cooperative closure.
But yeah, people nowadays just come up with stupid ideas to "fix Bitcoin" and moving away from Bitcoin values.
I am tired of all this bullshit proposals.
Without MoE Bitcoin is not money.
It is simply a speculative commodity.
This is exactly what the fiat debt slavery bankers cartel want- to see Bitcoin defined as a speculative commodity where it is both relatively harmless and can be easily captured and controlled.
They have already largely succeeded in this and very few Bitcoiners seem to even notice- dazzled by their speculative commodity gains perhaps- how easily the revolution was slyly diverted.
Sure you can still use bitcoin as a P2P payment protocol but fuck all people do- thus bitcoin is failing to perform the function of money and unless this changes bitcoin poses little threat to the legacy fiat power structures....that are based upon thier hegemony over MoE. Think of SWIFT as an example.
The stronger the bitcoin as a speculative commodity narrative grows the easier it would be to impose a ban on private custody.
The apologists say MoE use will follow SoV- there is no guarantee of that- there is certainty that without strong MoE use Bitcoin is more easily captured and controlled.