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<p><img src="https://thumbnails.lbry.com/fLBBGum0nhQ" width="480" alt="thumbnail" title="Against Bitcoin Maximalism: Exchanges Can Print "Bitcoin"" /></p>Bitcoin's issues will not be solved with "Layer 2." The gold standard was destroyed by its own "Layer 2" solution to its flaws as a currency: paper currency replaced gold and in the same way, a cryptocurrency like Bitcoin that has extreme transaction fees and requires bloated centralized solutions on top of it will gradually be replaced by those "solutions."<br /><br />A decentralized digital currency and a store of value has to work as such without aid from other systems.<br /><br />This is a clip from an interview I did for Monero Talk. See links to the full interview here:<br />YouTube: https://www.youtube.com/watch?v=qIMw_cI4UsA<br />Odysee: https://odysee.com/luke-smith-on-monero%27s-unique-self:0d9aba4153a9998177f676adfb40c16f8c58f199<br />PeerTube: https://videos.lukesmith.xyz/videos/watch/897210b1-0ac6-4dbd-8df8-35b174365db4<br /><br />My website: https://lukesmith.xyz<br />Please donate: https://donate.lukesmith.xyz<br />Get all my videos off YouTube: https://videos.lukesmith.xyz<br />or Odysee: https://odysee.com/$/invite/@Luke:7<br /><br />BTC: bc1qw5w6pxsk3aj324tmqrhhpmpfprxcfxe6qhetuv<br />XMR: 48jewbtxe4jU3MnzJFjTs3gVFWh2nRrAMWdUuUd7Ubo375LL4SjLTnMRKBrXburvEh38QSNLrJy3EateykVCypnm6gcT9bh<br /><br />OR affiliate links to things l use:<br />https://www.vultr.com/?ref=8384069-6G Get a VPS and host a website or server for anything else.<br />https://www.epik.com/?affid=we2ro7sa6 Get a cheap and reliable domain name with Epik.<br />https://brave.com/luk005 Get the Brave browser.<br />https://odysee.com/$/invite/@Luke:7 View my videos on Odysee and get a bonus for joining.<br />https://www.coinex.com/register?refer_code=ndf87 Get crypto-rich on Coinex. Get reduced exchange fees for 3 months.<br />https://www.coinbase.com/join/smith_5to1 Get crypto-rich on Coinbase. We both get $10 in Bitcoin when you buy or sell $100 in cryptocurrencies.<br />...<br />https://www.youtube.com/watch?v=fLBBGum0nhQ |