They can't IPO on merit alone given the Chinese competition... So they are trying to pretend they are the new military industrial complex.

The problem is simply lack of demand. If there is indeed a demand for payments, we could build L3 over Rootstock and it would be glorious. But there is so little demand that people would brush it off as federation, as if they don't use custodial LNs or custodial ecash mints.

Where? Can't see anything, and even their Comms is garbage and they don't engage developers with public roadmaps as they should. They keep focusing on institutions or whatever and the bridge keeps bleeding. I would love to see some hopium

I thought about answering this... But then I remembered the stakes are too small to bother. If anyone actually wants this they would reach the conclusion themselves, but no one is serious indeed

It is more complicated than "federation bad".. it seems like an inflation bug that would have worked even if the bridge is trustless Unless of course the trustless bridge has a decent delay, and sidechain miners decided to revert the chain, which would be the correct thing to do

Nonsense

An engineer should also note that any L2 that behaves like a BFT of dozens of operators is fundamentally more reliable than a P2P network trying to do to money what ISPs did to internet packets, ignoring that isps don't need a balanced egress and ingress. A Drivechain where miners hire and fire 50 something operators to act as a decentralised permissioned BFT, could have worked almost as well as Visa and MasterCard if not better. But Bitcoin not only refusef to enable bip300/1 it refused any opcode that could possibly emulated the same effect... If we ever get GSR it might be too late too.

Or maybe you are erroring on the side of exaggeration and that might prevents you from doing the actual right thing in response. Imagine if you go to a doctor with flu and he suspects cancer... That is not a harmless caution he will destroy your life. Yes things are getting crazy and rapidly, but the solution is to find the regional adults and try to be helpful. Remember, when the shit hit the fan historically more often than not big cities were safer than the people living in nowhere... Just because we hear about the fall of cities as the highlight of shit hitting the fans, doesn't mean the suffering outside didn't happen... It just was never documented. Where I live people always flocked to the major city from the farmland when famines hit Counter intuitive but true. So I advise you to think about it again.

I also don't agree that Bitcoin has been coopted into a CBDC candidate... Unless you meant stablecoins, these are definitely a CBDC minus the political backlash of explicitly creating one. I think Bitcoin is fine, and if it gets GSR or just OPCAT or if BitVM worked reliably at scale so we can build all trustless expirements we need... Then we will slowly but surely maintain the exit that the world is free to take if/when it needs it.

Believe, if anyone is ignoring zionists it is not me. But 1) zionism started independently from the USA and in fact the only warm relationship between zios and USA started at the cold war exactly because the US couldn't find any reliable partner in the region more than zios. Once the cold war ended the 9/11 thing bought that partnership more time. Now there is nothing but momentum and the boomer evangelicals ... I am not worried about that we will destroy these scum in our lifetime. 2) which is more important, people who store value in USD and US bonds don't do it because neither zios nor petrodollars... They do it because they literally don't know what else to do, at best they will buy gold and they indeed do that and increasingly so, both individuals and central banks. So I am generally of the opinion that CIA and zios don't have as much power as people give them credit. In fact all power in the world comes directly from the consent of everyone. The US has the power it has because almost all countries and people were happy with their hegemony so far... In fact the main current villain (China) has been the biggest fan of American hegemony because it gave them so much. The reason any of this is ending isn't because we have exposed zio/CIA conspiracy... Rather it is because the US just got tired of acting with restraint, they stopped destroying one nation at a time and started bullying everyone and acting as an adversary of everyone all at once, instead of a leader sanctioning one bad actor at a time. But I definitely hope they don't wise up to any of that, the worst possible thing for bitcoin is adults governing the USA and managing to resist populist dysfunction