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Bitcoin transactions are cheap and fast but they are on Lightning (Layer-2 of Bitcoin stack).


And remember relays can be incentivized to host content by micropayments via Lightning network if needed.


barrier to entry. You can start broadcasting your thoughts within seconds with no infrastructure. No need to worry about hosting content until you're big enough to be censored.


You could even deterministically map pubkeys to handles with something like bip39. it won't be pretty but it will be unique, human-readable and uncensorable.


it depends how much you value your privacy. People that get their phone number/email leaked and get phished would tell you it's worth more than 50 cents. so it's subjective.


You can allow certain domains to automatically withdraw from your bitcoin wallet and set limits to how much they can withdraw. This is not a technical problem but more of a marketing/adoption one. There are very smart people working on these: https://socket.money/


And what happens when one of those domains gets hacked and a malicious script injected into their code that takes advantage of a 0-day in the browser to siphon the cash? Not at all a far-fetched situation as it’s how ransomware works today.


he also has a %70 premine of this coin with his buddies. Eth also have a dynamic issuance schedule exactly like USD, EUR or any other fiat. Except instead of a Central Bank, a few devs decide it.


Well aware. Again, not a fan of crypto at this point but just on a relative basis it seems ETH is a logical choice to come out ahead.


main issue OP and other "I have a version of bitcoin that doesn't uses less energy/faster/cheaper etc." people have is that these existed before bitcoin and didn't work. They were shut down/coerced/coopted. Bitcoin ensures decentralization and finality via PoW. This new coin will take its place under bitcoin amongst 3000+ abandoned and newly released ones.


So many gems in this one that shows the bias of the author: "Simply: the Bitcoin blockchain only transfers and secures bitcoins. It does not move actual money like Fedwire does." This is factually incorrect when you actually own both of these "monies". But it wouldn't bother you if you only own the devaluing one.


Your grasp of bitcoin seems to be similar to a casual newspaper reader commenting on middle east peace without knowing any of the complex cultural differences. No worries it's the norm online. Even tech enthusiasts can be ignorant, after all bitcoin is a complex phenomenon a complex mix of social, economic and technical concepts.

Bitcoin never tried to be law, that's eth and other similar centralized scam blockchains. Being as it's "only" 12 year old money, Bitcoin does evolve and adjust as its users govern it via running their own nodes. Until 2017, major companies (miners/payment processors) tried to fit all kinds of narratives on it (as you mention) but it became clear that they COULD not make bitcoin what they wanted it to do.

Meanwhile users did a soft fork with segwit and kept the blockchain as small as possible while allowing Lightning to be developed on it. This means the decentralized network wanted to keep being sound money, keep being censorship resistant, decentralized and still be scalable.

Lightning Network is a very solid success, used amongst early adopters, major exchanges joining (Bitfinex, Kraken, OKCoin), multiple VISA backed startups building rewards programs and remittance applications on it.

Unlike a typical tech startup Bitcoin does not need to trick everyone to use it and get as many investors as soon as possible and figure out something later. It is what it is. It does not force anyone to join it or spend a single thought on it unless they choose to. It's completely voluntary.

While I understand the skepticism (which just comes across as "salty" as they say) one should consider a simple web search to see how Bitcoin adds value to financially underserved people, allows politically censored organizations to take donations anywhere in the world and protect tens of millions of people from rampant inflation in most of the developing world.


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