Settebello on Nostr: This is my #bitcoin rant. When i first started in #bitcoin in 2021, it was quite ...

This is my #bitcoin rant.

When i first started in #bitcoin in 2021, it was quite simple. Buy, HODL. Bitcoin wasnt mainstream, bitcoin was still barely mineable. The big bad wolf was Eth and it was profitable to mine.

Later on, came Lightning Network. Building nodes was a thing. Umbrel was starting as a OS, trying to ease the pain of building a bare metal node and trying to increase usability of Lightning network because the onchain fees were horrendous.

Then came the crash after the 2021 ATH. Bitcoin Startups from 2021 tried to brace for impact, we saw some solutions for inexisting needs, we saw a bunch of HW coming to light, some nodes/servers chargeing a fortune for a below par computer.

Fast forward a few years, adoption is high, institutional adoption is high, Onchain is centralised with Saylor and institution, Lightning Network is centralized with a few big corporate running node cutting off plebs nodes.

You cannot build on BTC, you need to build around or make it fit. it is like a old bungalow that you cannot remove walls or roof but you are trying to scale it to a cottage (2 stories). Liquid Network failed, Rootstocl failed, now Spark is the trend.

BTC is almost 65% of its ATH and is loosing all momentum.

Influencers are now looking at the new kid on the block #monero. When are we going to see XMRsession?

FML