Thursday, 11 October 2018

Next step for blockstream, fractional reserves ?

Blockstream seem to be able to convince BTC hodlers of just about anything regarding bitcoin.

Got to keep 1mb blocks cuss bigger blocks just don't work. Decentralisation is key, unless it's for our new Liquid Network (but don't worry that's for the big boys, you plebs got LN) Peer to peer electronic cash, crypto currency isn't really cash or a currency. It's digital gold, you wouldn't take bar of gold and buy a cup of coffee would you ? Na you hold on to this because oneday it will be worth a fortune and you don't want to be a fool and miss out. To help you not spend it we will make it very expensive and unreliable if too many people start to use it.

What's next ? The exchanges on the closed private centralised Liquid Network sometimes run a little short of BTC to meet demand so to smooth the process and make sure there enough BTC for everyone, members of the Liquid group will be allowed to use Liquid tokens to create extra BTC. It will evolve a seriously complicated procedure to look ok and you dumb fucks will never know cuss enough of you will leave your tokens on the exchanges and fuck it, we killed of the Blockchain anyway, you all try and move your coins onchain at once (insert evil laugh)

Oh BTC, I loved you once but you got fucked by big money fuckers.

submitted by /u/Calm_down_stupid
[link] [comments]

source https://www.reddit.com/r/btc/comments/9n8r46/next_step_for_blockstream_fractional_reserves/

No comments:

Post a Comment