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It would be nice to have a decentralized or federated buy/sell platform that replaces craigslist. Facebook marketplace has absolutely eaten craigslist for lunch, and I hate that I have to use it to sell stuff, but there are few viable alternatives for local sales.
eBay is great until you want to sell a $300 iPhone and don't want to mess with buyer return fraud which is rampant on that platform (and most custodial payment services like PayPal). I don't sell anything on eBay for over >$100, got burned too many times.
We need more censorship-resistant, private, decentralized communication protocols. We need them to be widespread enough that lawmakers see censoring/controlling them as technically impossible and politically unwise. That means they need to be easy to use for the average person so we can get sufficient adoption. Donate to your software of choice, that's how it happens.
This is kinda how Bitcoin is. Even if a nation-sate wants to "ban" it or attack the network, the network is gonna keep working and doing its thing (technically impossible) and they will piss off a bunch of voters and/or other keys to political power and potentially lose out on businesses and jobs building in this sector (politically unwise). The CCP tried to ban Bitcoin some years ago, did not work at all, and the network wasn't nearly as strong or large as it is today.
You can either increase blocksize (and therefore decrease decentralization) or build L2s. Look at ETH with their big, frequent blocks. You can run a Bitcoin node on a 10 year old laptop, good luck running an Eth node with those specs. You need at least 1TB of space, and it's gotta be SSD, and you need a pretty fast processor. Which is why many Eth nodes are hosted in corporate datacenters, over half the network. You can split hairs over what counts as a "node" etc but the end result is the same: increased centralization due to large chain size/requirements.
Monero doesn't need L2s yet because it doesn't have the transaction load to fill up available chain space enough to impact decentralization. Long-term, we cannot store all transactions on every node and do that forever. Small txs do not belong on chain. I love XMRs approach to privacy, it will need L2s at some point. Or pruning, which comes with some significant tradeoffs.
Lightning is a terrible protocol. The Lightning devs themselves state that it’s basically unusable and you shouldn’t even try sending transactions valued more than a few hundred dollars
FUD. I use lightning on a daily basis, it's getting continual development, and millions are still being poured into development efforts. Some devs stopped working on it and now more new devs are involved, which is common with long-lived OSS projects. You can use it to send money to anybody on planet earth with a cellphone and a halfway reliable internet connection. In under a second. For a penny in fees. Try that with a bank wire. It's a non-centrally controlled network, like OPs post is about. It does what it does very well, and it has been live and growing for years. Over a few hundred USD, you're probably better off with a main-chain tx anyways as fees are flat instead of % based.
If you tried selling all that bitcoin, the price would tank
Yes that's how market caps work. It doesn't change that it's a massive market cap.
Freenet and YacY are worth adding to this list.
Replying to this comment so people don't get put off by it. Nostr has an optional feature where you can tip other users using Bitcoin lightning. So if you like their post, you can send them .001c or $100 or whatever you want. You don't have to use it though. It's valuable IMO as a way for content creators to get paid and will be a key driver of content creators choosing to use it over other platforms, but to each their own. You can also dedicate a % of your tips to your nostr relay or app to supporting hosting and development.
Crypto is full of garbage and scams, Nostr uses Bitcoin. Bitcoin has been around for 15 years without a single hour of downtime, a single hack, or a single broken promise. Whatever you don't like about "crypto" is probably actually other stuff that isn't Bitcoin. Bitcoin is a way to transfer coins around the world quickly, and it works, and nobody can print away the currency's value by inflating the supply. It has a trillion dollar market cap for a reason, which places it in the top 25 countries by GDP.
You don't have to pay relays to use nostr. Been using Nostr for a while and love it, it's an underlying protocol like AP is for Lemmy, Kbin, mastodon, etc. The main "interface" for it right now is as a twitter clone.
You don't lose your identity if your instance shuts down which is a major pro (Bluesky also has this advantage over AP). The UX is a little less polished than Mastodon but I find the underlying tech concepts more solid, privacy respecting, and censorship-resistant. For example, DMs are automatically encrypted so relay operators can't read them.
Bannability is similar to lemmy. Each "instance" (or "relay" in nostr words) can decide what content/users can live on their relay. The difference is that you are usually connected to multiple relays. So if you want to follow somebody who is banned by other relays, nobody can take that choice away from you. Likewise, nobody can stop you from publishing, though your reach may be limited by relays sharing blocklists etc.
There are some right users there just as there are on any social media network. You can just click block and move on and/or pick relays with stronger moderation policies. If Lemmy has a "left" tilt, Nostr has a "libertarian right" tilt. But over time it's expanding and becoming more generalized, just like how Lemmy isn't 100% tankies now.
Many of these regulations will make it harder for humanity to share in the benefit of AI. The corps currently involved in AI development have made some pushes for regulation. You don't normally see corps do that, so that raises some questions. Why? Answer: They want to stamp out competition.
You know who has no trouble complying with and/or bending large, burdensome regulations? Huge megacorps. You know who does have trouble complying with them though? Small startups & open source initiatives.
You're getting taxes either way, either via inflationary supply or paying a portion of your paycheck. Those gains get taxes when they assets are sold so in theory that's fine, but buy-borrow-die is a loophole to get around that which should be fixed.
Watching videos from the most recent Bitcoin conference is a good way to get updated on recent development changes to the protocol, lightning included. Bitcoin Magazine if you prefer reading to watching. Github if you prefer reading code to words.
I don't have a specific source to cite here, just am generally aware of what's going on in the bitcoin space. Lightning labs is the main company building the protocol, they've raised 86 million in funding, though not this year. There's dozens of lightning wallets, some of which are supported/published by companies like ACINQ whose investment capital measures in the tens of millions. Tons of stuff is being built on it. And more payment providers are integrating lightning: Strike and Cash App are the two major ones. Coinbase recently announced they will be adding support for it, Kraken and most other exchanges already support it. There's a lot of FUD about lightning, there are some valid critiques to be made for it as a "universal scaling strategy", but generally speaking, it works well and does what it's supposed to and has plenty of room to scale. There are proposals (channel factories etc) which will massively help with scaling as well.
Likely there will be more than one L2 in the future to optimize for different use cases. But for large orgs who frequently need to move liquidity around, solutions like lightning are excellent. They can settle their accounts with other orgs and their customers instantly. Think banks, online retailers, online marketplaces, etc. This leaves less money "in flight" and at risk. And it can also be used for micro-transactions for everyday people. A bunch of funding just got allocated to Ark as well, which is another L2 solution similar to but different from lightning. Fedimint is another project/proposal to look at if you are researching all this.