Yet, welcome now to the "in between layers": "The new layer can be seen as a channel factory"
You tought #Bitcoin was dumb? First and foremost, you were wrong because $BTC has smart contracts *since the inception*: multisign and lately get timelocks (led to LN).
If you didn't know that, admit you're never really been interested in Bitcoin or lured?
But did you know that 4 differents open source implementations were at the same time competing to deliver the best version but also... beeing compatible between them and making it ONE meta network?
Did you know that "hashing actual script" (MAST) would improves Bitcoin in three main ways? It extends smart contract flexibility; improves scalability; & increases privacy. Bim.
Eat that (and it's not even using satelitte beams from @Blockstream):
Yes you've been fooled again if you believed #Bitcoin wouldn't leap forward after con artists held in hostage the developement for personal interests/power over $BTC.
It's much better for your EGO and VANITY to be at the origin of something new & smarter.
"What a great & smart investor you've been!" you want to hear about you, isn't?
It's not a bug but a feature of the BLOCKCHAIN REVOLUTION aka NAKAMOTO CONSENSUS. Change aren't easy & it avoided been highjack by con artistes and billions in revenue companies that stalled #Bitcoin dev.
Maybe some States officials were behind, but thin-hat-foil here.
Read also about: bitcoinmagazine.com/articles/long-…
Some people were calling it vaporware and not usable during several years.
Now it's already giving mature product on mainnet.
Have you been lured by FUD or scammers? Yup.
Almost 90% of alts are using this argument to promote their alternative to PoW
But over the years the trend was clear, peak of mining centralisation was in 2014 & constantly diminishing. Been lured?
Yesterday it was made on the MAINnet (live). Face the reality.
So not only #bitcoin mining uses electricity that's been produced for decades (no new offset) but it's also a green electricity
Why we never heard about Alu FUD?