yntrs on Nostr: `He's right. Bitcoin already works. We didn't need an industry of "solutions" on top ...

`He's right. Bitcoin already works. We didn't need an industry of "solutions" on top of it.

Most 2nd layers and federations just put a middleman back in, take fees, raise VC money, and answer to nobody. New banks with orange logos.

For normal people it's simple: on-chain, self-custody, your own keys. Everything else is someone else's business model. 🔑`

quoting
nevent1q…jm6w

I know that and the whole idea of federations and what now will ever work out is ridiculous.

We've created an entire industry of bullshit tools, gadgets and 2nd-layers around Bitcoin which were never needed in the first place.

But at least it made some people very wealthy and it came with seemingly zero accountability, across the entire industry.