great comment m8....
Pinned by Decentralized Thought
Netctrdotcom
1 month ago
I agree with the facts of your video in that LN is going to be for the banks and a disaster for BTC. However it is not all just the block size that is what really happened even though it is what everyone has been in an uproar about but was merely the icing on the cake. The real subversion happened in March of 2015 wherein they added RBF or replace by fee which broke zero-conf and first seen.
https://theflippening.github.io/open-letter-to-bitcoin-miners-from-another-miner/"Due to the constant high fees and network congestion, they introduced an anti-feature called Replace By Fee (RBF)
https://medium.com/@octskyward/replace-by-fee-43edd9a1dd6d (Mar 28, 2015). The aim of this was to allow users to pay a higher fee for transactions that were stuck and unconfirmed. This broke a critical feature called Zero-Conf which meant merchants could reliably accept a low value transaction with no confirmations as long as it was the first transaction seen on the network. Merchants could monitor key nodes around the network and reliably detect double spends with very good accuracy which allowed them to accept transactions with high confidence within 10 seconds and not have to wait minutes or hours for confirmations. Zero-Conf worked great for Brick and Mortar stores like buying your morning coffee. With the RBF feature, now users could pay for their goods, leave the store, then send the same transaction again but this time with a higher fee and send the amount back to their own wallet and rob the merchant in broad daylight. This feature robs Bitcoin of being a useful Point of Sale transaction mechanism."
So, to counter the double spend problem, which they created with their greed and desire for higher fees and corporate centralization, they added segwit which would later lead the way and allow the Lightning Network.
This entire uproar and fiasco with segwit vs segwit 2x forks etc was supposedly because of a slowing BTC and increasingly high fees and it was, however they created the problem to begin with in order to bring in their solution.
This is critically called the Hegelian Dialectic or Problem, Reaction, Solution. Create the problem (slow and high fees), get a reaction (please help us btc users) then offer up the solution, that being the one that they desired in the first place. Segwit vs 2x was merely a circus show to distract from what was being created in the first place. Blockstream and the other corp types like Mastercard and related Bilderburg connections are behind all of this since 2015 and were behind both Segwit and 2x.
They offered up both solutions to their problem and then let the people choose which cup of poison they wanted. It has all been a masterful deception wherein they will be the ultimate winners unless we the people see through this deception and choose wisely.
