Let me explain this slowly for the Lightning numpties at the back.
Lightning requires on-chain scaling.
Yes, I know. Terrible. The little toy castle collapses the moment someone counts the bricks.
To use Lightning at scale, people need channels. Channels need opening. Channels need closing. Channels need liquidity. Liquidity needs moving. Routes need rebalancing. Failed routes need recovery. Disputes need settlement. Fraud attempts need enforcement. Users entering and leaving the system need on-chain transactions.
Where do those transactions go?
On-chain.
So when you say, “BTC cannot scale on-chain, therefore we need Lightning,” you have not solved the scaling problem. You have hidden it under a rug and called the lump “Layer 2.”
If Lightning is used by a handful of hobbyists, fine, the base chain can limp along. If Lightning is used by the world, the base chain must process massive volumes of channel operations and settlement transactions. That requires large blocks.
And if the base chain can handle large blocks, large volumes, low fees, and reliable settlement, then why the hell do you need Lightning as the primary payment system?
That is the circular idiocy:
BTC cannot scale, so use Lightning.
Lightning only works at scale if BTC scales.
If BTC scales, Lightning is unnecessary for ordinary payments.
Congratulations. You built a bridge that only works after the river has been drained.
Lightning is not scaling. It is an elaborate confession that BTC was deliberately crippled and then wrapped in engineering theatre so people would stop asking why digital cash cannot be used as digital cash.
Michael Saylor is what happens when Idiocracy gets a Bloomberg terminal.
“BTC is valuable because it is scarce.”
So are my missing socks, Mike.
“BTC is digital energy.”
No, electricity went into a machine, the machine guessed numbers, and now you are selling the smoke as civilisation.
This is finance for people who think a battery is a religion.
Every cycle the speech is the same:
Number go up.
Therefore wisdom.
Number go down.
Therefore conviction.
Number goes sideways.
Therefore institutional adoption is secretly happening.
Number fails as cash.
Therefore it is a store of value.
Fees spike.
Therefore security.
Fees collapse.
Therefore efficiency.
Nobody uses it.
Therefore early.
It is perfect. A theory so padded with excuses it could survive a fall from a conference stage.
BTC does not scale, does not work as digital cash, and needs a second network that only works at scale if the first network scales, which they refuse to allow because that would ruin the little priesthood.
So they renamed failure “monetary policy.”
Saylor is standing there like President Camacho of spreadsheet theology, shouting that the orange rock has energy in it while everyone nods because the candle was green once.
This is not economics.
It is Idiocracy with laser eyes.
BREAKING: Strategy $MSTR has just increased its USD reserve by $1.15 billion to $2.55 billion to support its perpetual preferred stock dividends.
The Company established a policy of maintaining a USD reserve equal to at least 12 months of dividend payments. 🔥
Who owns Tether?
Tether and its flagship stablecoin (USDT) are owned by iFinex Inc., a private company based in the British Virgin Islands that also operates the cryptocurrency exchange Bitfinex.
Still on drugs I see lol 😂 you need to study geopolitics lol 😂 we are in middle of a bunch of wars, and huge inflation, rate hikes coming soon. People don’t have money to buy bitcoin. Retail never came. You better off getting a scratcher from the gas station and winning big then Bitcoin hitting $1M+ in the next 100 years.
@Allurlol@Rajatsoni Dude, face reality. If it stays this low for too long, miners will have no economic incentive to remain. And without miners, there is no #BTC network. #BSV is #Bitcoin back.