Cryptocurrency: The Four Great Fatal Flaws And Frauds Of Bitcoin, Africa Discovers
The Four Great Fatal Flaws And Frauds Of Bitcoin - Pathetically Unservicable Transaction Rate - Massive Growth Of Storage Required To Store TX - Absolute Total Lack Of Privacy - Lightning Network Bitcoin best resolve the first three, and soon, lest it be abandoned by all but the elites who can afford to transact upon it after the next cycle peak. Even they will eventually leave it for lack of privacy. Africa will soon discover these truths... that BTC shills have defrauded them out of the possibility of a True Crypto Future... https://twitter.com/saylor/status/1624175117612814337 Any "fixes" that Bitcoiners apply to Bitcoin to solve these three things can no longer legitimately be called "Bitcoin" under their caretaking... the hypocrisy of their refusal to even attempt fix them earlier exposes that fact.
As the all but certainty of the next big new all-time-high cycle peak approaches, the debate is growing, and projects are coding... will the next ATH be the last... All that's needed is a simple coin with magnitude improvements to the things above... Guide on the Primary Corporation That Funded BTC Dev, Starting 2014 https://i.redd.it/q2650z68hkka1.png Blockstream's Evil Investors https://www.youtube.com/watch?v=UYHFrf5ci_g Banks Hijacked Bitcoin LN Fail " It's important to understand that the primary corporate entity which pushed the narrative that won the day, was founded and funded by some pretty nefarious people. These people were the *seed capital* - that is, the original monetary inputs which were used to start the company. Twice now, the masses tried to adopt Bitcoin and couldn't. The incremental cost to upgrade nodes was vastly overshadowed by extra fees paid to miners instead. And LN at (appx) $200 per channel is not an answer. I can't drop my life savings into an LN channel. Besides which, dynamic blocks are needed just to facilitate onboarding and prevent a Flood & Loot of LN anyways. But I do wish to leave with something positive. If BTC merely adopted dynamic blocks, I would probably support it again. Until then, all that's happening there, is buying time for govts to push out their CBDCs, while Bitcoin continues failing to be useful as global money. " " What does this mean - "Twice now, the masses tried to adopt Bitcoin and couldn't It refers to the network congestion and high fees from 2017 and then again for 6-9 months during the most recent bull market. 2017 is debatable, that might've been more like an attack to artificially inflate fees. It was a war after all. But the most recent bull market was very clear. The network simply couldn't support all of the people that wanted to onboard. I do like LN, but there is a documented attack vector, which could steal funds with a saturated main. 100M txns/year isn't enough to onboard or support global usage of LN. I would very much like to support BTC again, and I used to be maximal(ish). But the current onboarding/blocksize problem has basically lost the initiative. Dynamic blocks are a way to automatically adjust blocksize, to prevent spam, while expanding capacity as needed. " " So you think that these people are trying to sabotage Bitcoin? Sadly, that's the only conclusion I can make. This despite being maximal(ish) after the 2017 war. I slowly started realizing that, the promised blocksize increase on the dev roadmap, would never come, even though it was clearly needed. I had to re-evaluate my paradigm, so I started looking for new and even contradictory info. " " I somehow love and hate this post at the same time Thanks. I think that's a good description of my relationship towards Bitcoin at this moment. "
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grarpamp