The Swan Bitcoin blog is the corporate blog of a Bitcoin investment company, publishing pro-Bitcoin explainers and rebuttals of criticism.
HN commenters post its articles as rebuttals, such as the Ponzi scheme piece and the DARPA fact check, though one commenter doubts the educational value.
Do we seriously still have to deal with this criticism in 2022? Come on man. Educate yourself about the bitcoin layer 2.
https://www.youtube.com/watch?v=7bOo3zLFhEk
For small payments, lightning is instant and extremely low fee. For larger payments that you want certainty of settlement, even a few hours confirmation time is drastically superior to traditional settlement networks that take days if not weeks internationally. FYI, your credit card payments are instant, but not finally settled. That happens in periodic bulk batches between banks.
https://www.swanbitcoin.com/a-look-at-the-lightning-network/
Even the Fed is on top of trying to understand this, https://www.clevelandfed.org/~/media/content/newsroom%20and%20events/publications/working%20papers/2022/wp2219.pdf
Do you seriously think that's an educational video?
The second link follows the Wadsworth Constant in fabulous fashion.
https://www.swanbitcoin.com/a-look-at-the-lightning-network/#Where-Most-Cryptocurrencies-Went-Wrong is almost exactly 30% of the way down the page.
> 1 hour 31 minutes read
In rhetoric we call this 'assigning homework' and it's considered deflecting, aka, trying to get out of jail free, aka, poor form, aka, you lost the argument.
I'm sure we can do better than either of these for educational material. If that's the best that exists, which I hope is far from the case, then this is essentially a "git gud scrub" situation and you have yourselves to blame for the unwashed masses still not understanding things.
I partially agree, although I can see more companies offering these kinds of services in the future. Block already has a system with Bitkey, custody companies like Casa and Unchained are providing services as signers, and AnchorWatch is stepping in as both a custody and insurance provider at the institutional level. Despite the government's best efforts to limit participation from existing banks[1], other services are jumping through the arduous hoops of regulation to fill in the void.
[1] https://www.swanbitcoin.com/politics/biden-s-sab121-veto-stands-what-this-means-for-banks-and-bitcoin-custody/
Average fees are fractions of a cent.
Centralized systems are much easier to capture and historically always are.
A 51% attack on Bitcoin/Lightning isn't impossible, but incredibly unlikely.
https://www.swanbitcoin.com/fact-check-darpa-funded-report-on-blockchain-centralization/
To describe Bitcoin as a ponzi, you must apply a very loose definition, which will necessarily be applicable to other assets as well. More on this: https://www.swanbitcoin.com/why-bitcoin-is-not-a-ponzi-scheme-point-by-point/
How many times does this have to be debunked?
“Why Bitcoin is Not a Ponzi Scheme: Point by Point”— https://www.swanbitcoin.com/why-bitcoin-is-not-a-ponzi-scheme-point-by-point/