/biz/ - Business & Finance

It's not stupid, it's a cult.

Isn't bitcoin the biggest bubble of all coins?
Think about it - everything else has some utility promise (no matter how realistic). Bitcoin right now just... exists. The 'store of value' idea is an euphemism for buying in hope of selling to somebody else for a profit. That somebody else is supposed to buy for the same reason, and that's supposed to continue for eternity.

Bitcoin had promise - p2p cash, smart contracts (yes - that's why initial script had so many opcodes). All that is in the past.

Lightning Network is an absolute failure - the first whitepaper was published in February 2015. That's before ethereum launched. After almost 4 years it barely works:
https://medium.com/andreas-tries-blockchain/bitcoin-lightning-network-3-paying-for-goods-and-services-5d9c492b0eb2

There's no way this shit is real. Please tell me he's some uber troll who wanted to evade the mods. I just don't believe Bitcoiners are really this stupid - like wtf does his gizmo do without locking funds? It's like setting up a cpu miner with 15K h/s, it does JACK SHIT to the network except of looking cool to newbies.

Please tell me this is troling, there's no way this is real.