LAMike

Why?

You'll have much, much bigger problems if SHA256 is cracked by quantum computers.

Like airplanes falling from the sky and national power grid outages type of problems.

No, Wall St. joined the party 15 years late and allowed retail investors to get a 10,000x return before buying it on behalf of their clients.

Maybe because its the best performing asset of the past decade? Just a guess

> When I started with BTC 12 years ago

Wow, you must be rich and retired from Bitcoin right?

You had the opportunity to by at single/double digits and you secured generational wealth? Hoping this is true :)

Yes, the computers that power the Bitcoin network (the biggest supercomputer in the world) does produce a lot of heat.

That can be a positive sum solution for those in cold climates, who are already paying hundreds or thousands a month to stay warm!

Keep hoping, keep coping... one day your wish might come true!

But more likely, people in our generations will still be working until they are 70+, and their 401k will have some allocation to a Bitcoin ETF.

Don't worry, the 401k your company manages for you will make sure there is an allocation to a Bitcoin ETF!

Also not your keys, not your coins. If you can write 12 words, you can secure your own funds.

> Finally a workaround for high transaction fees!

Never heard or used Lightning Network? Try it out on Cash App or run a node on an old laptop if you want to learn more.

> once the exchanges hold most of the coins

Exchanges hold a single digit percentage of coins, price will have to go to six or seven (or four) figures before they will hold most of the coins.

> Sometimes regulatory solutions do fix hard technical problems.

Sometimes regulatory bodies bend the knee and are last to the party, 15 years in this case. At least they are ahead of 98% of HN'ers!

But they don't have to worry, the 401k their company manages for them will make sure there is an allocation to a Bitcoin ETF

Will there be an API to upload lessons in bulk?

Distribution of Bitcoin has been happening for 15 years, because you can't live inside of a Bitcoin, and people need to survive. You don't understand economics if you think people will never spend their savings, when the time is right. I know I have diversified into real estate as a result, and continue to stack sats when I can.

It's Satoshi, and good luck on Mars, I'm sure Elon would be a great leader for you

> Bitcoin transactions aren't exactly exploding. And now that chain is also getting cluttered with trash jpegs (Ordinals).

Pick one, it can't be empty and cluttered at the same time

> I would be happy if it goes down because if it does succeed in its mission, it pretty much means some truly awful human beings will have disproportionate power in our new financial system.

Typical HN cope

> I'd rather not live in a world where Justin Sun owns a large % of my currency supply.

It doesn't matter if he owned more than Satoshi, no individual has the power to change the rules of Bitcoin, that is what makes it so powerful

Remind me again what the original mission of Bitcoin was again? It's in the first few lines of the whitepaper if you forgot

First off, props for admitting that LN could get 10 million users on board in 11 days, even with a conservative 10 tx/s estimate. If you look into channel factories, this could scale the potential users to 100 million users in less time than ChatGPT took, which is the most viral product of the past few decades. Is that not good enough for you?

About the whole routing problem and "big hubs" thing – remember, the LN is all about being decentralized. As more users and businesses join in, routing gets better and better, so you won't have to rely on any single big player. Plus, with the LN's atomic multipath payments (AMP), payments can take different paths, making it even easier to send Satoshis around the world. You can run your own node with a 10 year old Thinkpad you can buy on Ebay for $100.

Also anyone with Cash App can send Bitcoin over LN, today. I don't think you would call everyone with that app a nerd, would you? There are farmers, grandmothers and people in the developing world using Bitcoin to survive today, those aren't nerds to me.

Btw it's pretty funny calling other people nerds when you lurk on HN. If you haven't noticed, nerds have been running the world for a while now.

> Cope

I encourage you to find out the difference between "crypto" and Bitcoin

I think the Lightning Network has the potential to onboard millions of people today, and billions in the future. Check out how to run you're own node, be your own bank with Bitcoin and ignore the unscalable and scammy side "crypto" projects

Hopefully this pivot allows them to realize promoting altcoins like Doge will not take them very far, and go deeper on the Lightning Network integration to enable their customers to move funds and use apps made on L2/Nostr

> Bloomberg said

Irrelevant East Coast media company comments on Bitcoin lol

Congratulations on seeing this product all the way through production, a lot of people would have given up with all the headwinds of the past two years

Figma wouldn't be a 20B buyout without WASM, you're coping hard right now

An open sourced Electron/Desktop app for editing videos sourced from Youtube might be successful, but everything runs in the browser and it's more universal. With WASM, things get more interesting because the capabilities will get closer to "native" apps over the next 3-5 years

Just like the Internet, Bitcoin is built on layers.

The Layer 2 technology, like the Lightning Network will fix the "infinite data on disk" problem.

> centralization of the miners will continue to increase

Ask yourself: why do miners use energy to run the Bitcoin software?

You can get paid to learn about Bitcoin with the Satoshi Passport app on iOS.

Then what happens when AWS goes down?

Bye bye Ethereum.

There is only 2,500 ETH nodes today, most run on "cloud" services which cost hundreds of dollars a month, soon to be thousands

I wrote my name in the Bitcoin blockchain 6 years ago, I barely knew Javascript.

For a blockchain like Bitcoin to fit all of its transactions in only 420GB is an engineering feat that should be admired

The blockchain data will never be "optimized" or "disappear"

Please take the time to learn how Bitcoin works before pontificating

If anyone wants to learn about BSV, simply Google

"Florida perjury Craig Wright"

> The MobileCoin transaction fee is currently around 50p ($0.60)

It costs 1 SAT to send money over the Lightning Network, but you can't run a pump and dump on that so "MobileCoin" it is

Tulip Mania? Never heard of that one!

> please just kill me I don't want to live in this bizzaro reality.

Don't kill yourself, just buy Bitcoin and relax

What do you mean people can't agree about the number of ETH?

Look up #SupplyGate on Twitter

> I don't see why running a full node is such a huge problem.

Of course you don't lol

> Do you think this means ETH will somehow fail to scale?

Yes

> Seems like the team could solve this eventually

"Eventually" .... Yeah move fast and break things typical SV logic

> Bitcoin team hasn't solved anything for a long time

Scoreboard

I think they're both overvalued, but as BTC reaches 100k, it will drag Coinbase along with it past AirBnB and possibly Stripe