Cryptocurrency: Maxi's Lies About BTC+Lightning For Everyone

grarpamp grarpamp at gmail.com
Mon Feb 21 17:55:33 PST 2022


Honest analysts know BTC current cannot scale onchain,
and that Lightning is fraught with numerous technical and meta
level problems, including censorship, privacy, centralization, kyc,
breaking offline p2p on the fly, etc. Yet BTC Maxi's have continued
to lie and propagandize for years about this, with Saylor
becoming the latest high profile victim of Lightning propaganda.
People need to call Bitcoin out.
Others need to make better cryptos that maximise for txrates
first, then worry about extending that through other methods.
BTC's blocksize cap and unbounded growth of required disk
storage space does not and cannot do that, and Moore's Law
they rely on for that is trending to flatness.
Holding gold has no purpose or utility if you can't
get your transaction into the queue. Since BTC can only
handle ~550k transacting users per day, and the planet
has 4 Billion readily coin-bankable users, Maxi's (now aka
hypocrite wealthy bankers) are full of shit on this...

https://duckduckgo.com/?q=lightning+network+bad
https://duckduckgo.com/?q=lightning+network+sucks
https://duckduckgo.com/?q=lightning+network+flaws
https://duckduckgo.com/?q=lightning+network+problems
https://duckduckgo.com/?q=lightning+network+failed
https://duckduckgo.com/?q=lightning+network+risks
https://duckduckgo.com/?q=lightning+network+unsafe
https://duckduckgo.com/?q=lightning+network+scam
https://duckduckgo.com/?q=lightning+network+fraud

https://www.youtube.com/watch?v=Ew2MWVtNAt0  Partial list of flaws
https://www.youtube.com/watch?v=NMgNsAdaNm8 Even Andreas Can't Deny
Basic LN Problems
https://www.youtube.com/watch?v=3AtEGcl7nJY LN worthless if users
can't settle onchain


Propaganda and Lies...



America's Forgotten Seven Million: Unlocking Financial Freedom Through Bitcoin

https://bitcoinmagazine.com/culture/america-unlocking-bitcoin-financial-freedom

Bitcoin is about people, not price.

While the U.S. continues to focus on bitcoin as an investment asset,
other parts of the world are showing us the true use cases of Bitcoin.
In countries like Argentina, El Salvador and Nigeria, Bitcoin is a
means to financial inclusion. The emerging markets demonstrate that
Bitcoin has the power to connect the unbanked and underbanked to the
larger global financial ecosystem. They are providing a strong
foundation for the West, showing us how Bitcoin can reduce wealth
inequality and solve some of the world’s greatest financial
challenges.

In 2021, 18% of American adults were either unbanked or underbanked.
The unbanked, often from underinvested communities, did not even have
access to a basic bank account, while the underbanked were shut out
from banking services based on income or a lack of education. Bitcoin
finally changes this narrative, offering a solution for the millions
ignored by today's financial system. Peer-to-peer finance provides a
real and sustainable alternative to traditional finance for the 99%
and beyond, giving the next generation a new chance at economic
opportunity.
EDUCATION FOR THE PEOPLE

Education on Bitcoin and its true use cases remain the biggest
challenge in the U.S. Bitcoin has the power to reduce barriers to
wealth for the forgotten seven million who remain unbanked. It is
access to financial opportunity for the 100%, bridging the gap for the
underrepresented. When mayors from cities like New York and Miami
begin to call for Bitcoin education to be taught in schools, we know
that our time is now.

We’re seeing progress happen across the country. In places like the
Bronx, New York, students are being taught the value of peer-to-peer
networks as a tool for financial freedom. And at universities, Bitcoin
courses are being integrated into their curriculum. But, this is just
the beginning of unlocking the true power of Bitcoin education.
Through Bitcoin, the people have the opportunity to take financial
power back into their own hands, and it’s our responsibility to do our
part to fill this gap.

By staying connected to the streets, businesses and leaders in the
space can utilize their platforms for good. Take El Salvador for
example. At Paxful, we’re seeing the need for education on the ground.
While the country became the first to roll out bitcoin as legal
tender, the biggest challenge for the people remains education. In
response, we’ve launched La Casa del Bitcoin, a new education and
training center in San Salvador. The center is providing free, no-cost
education to anyone interested in learning about the power of Bitcoin
and giving them the tools they need to succeed.
BITCOIN IN AMERICA

Bitcoin is a borderless and permissionless technology that was built
for the world. It is a tool that can move value across borders and
change the way people access the global economy. For Renata Rodrigues,
a Paxful user (and employee) in the U.S., bitcoin is a means for
supporting her family overseas in Brazil. By buying and selling
bitcoin, she is able to avoid expensive remittance fees while also
earning a little in return. Addressing the issues of both price and
speed in traditional methods of remittance, Bitcoin solves this.

The next wave of Bitcoin adoption has begun. With cryptocurrency
making its debut at America’s biggest sporting event of the year, we
know that we’re on our way to reaching mass adoption. But Bitcoin will
never reach its full potential in the U.S. if we continue to view it
solely for speculation and investment rather than connecting to its
real use cases. Let’s not make the mistake of mirroring it after
traditional financial systems and use education to drive financial
freedom. Because global Bitcoin adoption begins and ends with
education. It’s time to put the “greed is good” narrative to bed and
start working for the people.


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