Redpill me on BTC maximalism

The fuck outta here with your ghost chains

You can theorize all damn day the fact is 70%+ of the people In the entire world want to SPEND their coins Not just save them and hope they go up witch some do but it’s it good enough to have them stop using fiat and if they are going to use fiat to BUY THINGS they don’t need digital gold when they can save in actual gold.

And why build lightning when you can just use BCH or wrapped BTC on Etherium

if it was meant for payments then it wouldn't have a hard cap supply. monero is more cash than bitcoin will ever be. that said only an utter brainlet would invest in fucking cash.

there are multiple reasons one is instant payments second is exponential scaling third is "wrapped" assets are really just token representatives of custodial relationship with a corporation. literal chuck-e-cheese tokens.

>itt anons attempt to convince you to invest in a shitty reinvention of the wheel
>greater fool

bitcoin CHINK
where's ETH CASH it didn't scale when the fees got like that

If you’ve been anywhere near a womb in the last few years I’m not sure you’re going to enjoy your visit to us

should I hold at least 1 BTC even if I am only interested in getting passive income from this crypto meme, even in the long term?

I still don’t see how lightning is any MORE secure than wrapped BTC

Yes
BTC is the ultimate collateral asset.

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because lightning is nothing but a valid multisig bitcoin transaction signed by both party witheld from the blockchain that can be released to the blockchain any time it conveniences you. the timelock and the sequence guarantees that the latest settlement tab hits the blockchain when it's time to settle.

lightning is bitcoin and it is trustless. "wrapped btc" is not bitcoin at all, your bitcoin is no longer yours you can not opt out without permission you have to trust the custodian.

it's not even remotely the same thing. not to mention lightning is faster than any other coin anyhow.

Idk maybe your right user I still own BTC but I’ve been buying the fudd lately.
>it’s all so tiresome

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I bought btc for one reason: when the NSA/CIA/glownigger shills find out how to trace all of my posts on this site and I get cancelled for saying nigger 18 gorillion times I'll need some startup cash to hold me over after I flee the country. All other aspects are secondary.

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checked and fpbp

Bitcoin is the reserve asset of crypto. The entire point of a reserve asset it that it has massive liquidity that can always be exchanged and it is safe and secure. Liquidity is a snowball effect, it will only increase. The monetary policy of Bitcoin will always incentive hoarding over coffee payments, so don't get distracted with that crap either. The point of Bitcoin is to protect yourself from governments destroying your wealth over time, and Bitcoin is most likely to be able to stand up to the state attacks when we enter the end game. Something like ethereum can be shut down simply by putting pressure on Jeff Bezos to stop letting eth nodes use AWS.

As far as programmable money is concerned, Bitcoin discreet log contracts are going to eat ethereums lunch. In DLCs, you have a derivative contract like a future that is a multi sig with multiple participants, and on chain it literally just looks like a normal bitcoin transfer, you can't even tell what it is. That's real privacy and the next Bitmex will happen this way and you won't even know how much volume they are pushing because you can't identify it. This is also possible on lightning which makes it scale massively.

Don't believe the fud about ancient tech and all this shit. Bitcoin has consistently the most mature and competent devs in the entire space, and they work relentlessly on core issues that go unseen. There is 10x more work to do on Bitcoin that forcing protocol upgrades constantly just to get news stories. Segwit is the most attacked thing in the space but it was literally genius, and because of it bitcoin can now add new scripting language capability with soft forks which is how taproot will be implemented. It also paves the way for sighash anyprevout and even simplicity scripting language in the future. This level of foresight is unseen in shitcoin development.

Is this real?

The downside is you'll make a tiny profit compared to alt holders. The upside is you won't have to tell people you're a virgin if they already know you only hold btc.

I mean, with one BTC you've already made it. You just have to wait about five years. Bitcoin will be twice as scarce as gold after the next halving, so a 500k+ valuation is in the cards, especially when you consider that governments will have begun accumulating by then.

checkpilled and baste.

People dont realize that by adding all these 'features' at the protocol level, they're adding complexity which increases errors and overhead - not something you want when dealing with people money. The whole point is to have a solid foundation to then build and abstract upon.

Transaction speeds? coming.
Privacy? coming.
Smart contracts? coming.
Me and everyone who owns even one BTC? cumming.

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16k soon

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>takes a deep breath
I want to thank all the anons ITT for force feeding me my meds. Before I Refill my script are there any coherent counter arguments????

Its the final redpill

The counter argument would be the government already contains quantum computing and AI capable of altering the blockchain undetected so you might as well invest in moonshots since destruction of the financial system is destruction of your BTC's value anyway.

BTC is just a ledger entry.

Why this virgins insist there can only be ONE ledger, I will never understand.

alex jones is that you?