"Mentally decouple" from the original purpose of bitcoin (think white paper)?
I hope this is resolved one way or another or the people bitcoin is meant to save will suffer (poor, middle class, developing nations etc...) and much work, that has already been done, could be for nought.
I view this as a poison/sickness in the system. A perversion, so to speak. At current transaction fees (because of ordinals and subsequently BRCs) it's already too expensive for many use cases and even getting btc on and off the LN will be an issue moving forward. A street vendor in Guatemala (for example) is not going to use bitcoin if the cost of the transaction is more than the cost of what they are selling.
Even Satoshi recognized this problem way back when bitDNS tried to incorporate Domain Name services into Bitcoin
"Piling every proof-of-work quorum system in the world into one dataset doesn’t scale” ~ Satoshi Nakamoto, 2010
Begemot
npub1s7…tlrk0
2023-05-08 06:45:49
in reply to nevent1q…umn7
Author Public Key
npub1s7nq9sejfyy3dzymynd2u4s884yzn9e89flqh69ny97t2625l23sltlrk0Published at
2023-05-08 06:45:49Event JSON
{
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"pubkey": "87a602c332490916889b24daae56073d482997272a7e0be8b3217cb56954faa3",
"created_at": 1683528349,
"kind": 1,
"tags": [
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"content": "\"Mentally decouple\" from the original purpose of bitcoin (think white paper)? \n\nI hope this is resolved one way or another or the people bitcoin is meant to save will suffer (poor, middle class, developing nations etc...) and much work, that has already been done, could be for nought. \n\nI view this as a poison/sickness in the system. A perversion, so to speak. At current transaction fees (because of ordinals and subsequently BRCs) it's already too expensive for many use cases and even getting btc on and off the LN will be an issue moving forward. A street vendor in Guatemala (for example) is not going to use bitcoin if the cost of the transaction is more than the cost of what they are selling.\n\nEven Satoshi recognized this problem way back when bitDNS tried to incorporate Domain Name services into Bitcoin \n\n\"Piling every proof-of-work quorum system in the world into one dataset doesn’t scale” ~ Satoshi Nakamoto, 2010",
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}