BTC folk were convinced that Lightning was the answer. Not …
BTC folk were convinced that Lightning was the answer. Not realising this was distraction and in fact paved the way for Blockstream's L-BTC. LN proponents are so convinced by the cypherpunk rhetoric they do not even know they were played :/
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LN was a socially engineered attack. It leveraged cypherpunk ideals in order to convince people small blocks were necessary so that end users could run non-mining nodes. It was sold as giving users power. It was anti-government, anti-bank rhetoric.
In reality, small blocks create a "problem" to which Blockstream can conveniently sell you a solution in the form of Liquid BTC. Many warned this would happen. The cypherpunk ideology was so strong that it was ignored, and here we are!
Adam Back CEO of Blockstream founded 2014 *still* claims to be a cypherpunk. Blockstream is a company dedicated to selling solutions to perceived shortcomings of "Blockchain". BTC has a massive shortcoming. 7tx/s throughput. Because of cypherpunk ideology.
How it started.... How its going...
original sauce https://www.reddit.com/r/Bitcoin/comments/3bpese/blocking_the_stream_the_blocksize_limit_debate_in/