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Mindaugas
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Building software in fintech | Bitcoin and Lightning Network | Exploring the future of finance
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raudaviciusm 11 months ago
Every cycle, the same argument pops up: - Altcoins are faster than Bitcoin. - They scale better. - They have more features. But here is the thing - speed is not innovation if you sacrifice the foundation. Bitcoin’s goal was never just to be fast - it was to be trustless and permissionless. Altcoins introduce trust at some level, and once you need trust, you are back to where we started. We already have fast, trust-based payments - that is modern central banking. Scaling something that relies on trust is not innovation, it is repackaging the old system. The challenge is not just making payments fast, it is making them fast, secure, and censorship-resistant at scale. Bitcoin is the only one actually trying to solve that.
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raudaviciusm 11 months ago
Ripple poses a danger and can cause short-term setbacks for Bitcoin adoption. While I believe it will not matter in the long term, it is crucial that we take action to challenge and eliminate bad actors like this as quickly as possible. A big thank you to everyone using their voice to speak out and stand up for the right cause - people like @jack mallers and many others are important in moments like these. Appreciate you all!
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raudaviciusm 11 months ago
This price point is awesome for using as a unit of account! Since prices around us in Europe are still in EUR (unfortunately), I can just knock off three zeros in my LN wallet, and it’s basically the same as EUR. I will either enjoy this again when we hit the 1M price point, or better yet, when prices are quoted in sats - eliminating the need for a manipulated unit of account altogether.