goatmeal on Nostr: buying a UTXO also takes up blockspace. there's a theoretical limit on how often ...
buying a UTXO also takes up blockspace. there's a theoretical limit on how often people can buy UTXOs. the same exact napkin math applies.
there's a reason why I try (and often fail) to spend every single zap I receive on altcoins. devs from other chains already assessed payment channel architecture and immediately abandoned it in favor of things that look more like rollups and drivechains. they were right to do that. the fact that bitcoin developers can waste eight whole years on a dead end solution like lightning is extremely alarming. some of them are eagerly trying to stonewall the introduction of any new opcodes, asserting that bitcoin is fine the way it is, and that no more than a few million people even deserve to interact with bitcoin outside of a fucking bank account.
I am not ready to accept that bitcoin has actually earned its rightful place as the best store of value until something actually gets implemented to scale self-custody past 0.8% of the earth's population. I want it to happen but it has not happened.
there's a reason why I try (and often fail) to spend every single zap I receive on altcoins. devs from other chains already assessed payment channel architecture and immediately abandoned it in favor of things that look more like rollups and drivechains. they were right to do that. the fact that bitcoin developers can waste eight whole years on a dead end solution like lightning is extremely alarming. some of them are eagerly trying to stonewall the introduction of any new opcodes, asserting that bitcoin is fine the way it is, and that no more than a few million people even deserve to interact with bitcoin outside of a fucking bank account.
I am not ready to accept that bitcoin has actually earned its rightful place as the best store of value until something actually gets implemented to scale self-custody past 0.8% of the earth's population. I want it to happen but it has not happened.