Sometimes I'm still surprised how stupid all this was.
In our little city we started a meetup some time ago, not very long. Most people there are full on "Bitcoin Maximalism", or, to put it correctly, "Lightning Maximalism". Most have not even be there when Bitcoin did just work. I'm very polite and peaceful, know more about Lightning than most other people, and say that I prefer Bitcoin SV, and tick in the philosophy, tick by tick ...
Yesterday we talked about the paper of the bis, the bank of international settlement, which made up the thesis that in a future, when the block reward has dried out, you'll need 50k confirmations to be sure that your payment is not double spend. It's a weak paper, missing many important details and getting some things wrong, but it makes a bullet: How can miners earn enough money so that it's too expensive to double spend even big transactions?
Someone made up the Gregory Maxwell fee market thesis. I answered like always, calling it mediavel economics, explaining that miners will have hundreds of options to monetize blockspace, when they are allowed to and not centralplanned. Than we started to bring Lightning and Liquid into account. It wasn't even me who started with Liquid.
I never connected this dot. In 2013, Gregory Maxwell started to demand small blocks for a fee market. In 2014 Gregory Maxwell cofounded Blockstream to create a sidechain that takes transaction fees away from miners. In 2015 Matt Corallo from Blockstream reacted on Gavins push to bip101 in the mailing list, starting the argument with the fee market thesis. Later this year Lightning the panacea joined the game.
I always wondered how people buy it that easily that the same parties demands high transaction fees to help the miners survive the end of the block reward, while wanting to push of transactions with LN. The usual arguments was that LN will only be for small transactions, while big transactions will be settled for high fees. But --- Liquid. Blockstream's baby is made for high transactions, I think it is even possible to load lightning with it. How the fuck can people buy this? Why did I not even thought about this? Is it because it is burried under so many layers of manipulative arguments and virtue signals? It's so obvious, right before everyone's eyes ...
This was what I said yesterday to my lightningers: How is it possible that people buy it? Saving the miners by taking their income, not just with LN, but also with Liquid. Nobody had a good answer. I think I ticked a bit of truth into their minds ...