/biz/ - Business & Finance

[Anonymous No.58053866]

Can Bitcoin maxis explain to me how you use your crypto with such high transaction fees?
Like say I want to buy a $3 cup of coffee, if I pay in bitcoin I have to also pay a $10 transaction fee on top of the $3.

[Anonymous No.58053892]

also waiting 10 minutes for transaction confirmation

[Anonymous No.58053900]

>>58053866
>>58053892
lightning network

next

[Anonymous No.58053930]

>>58053900
>lightning network
Have you actually ever used it? I have and the only lightning wallets are hot custodial wallets.

[Anonymous No.58053941]

They don't, it's a "store of value" now remember?

[Anonymous No.58053961]

>>58053866

[Anonymous No.58053969]

>>58053900
The real answer is litecoin/xmr for everyday shit and bitcoin as wealth storage

[Anonymous No.58053974]

>>58053892
>waiting 10 minutes
you don't need to wait for confirmation
your credit card waits 30 days to confirm the transaction

[Anonymous No.58053979]

>>58053969
So, you're not a BTC maxi.

[Anonymous No.58053982]

>>58053866
>at the coffee chop checkout
>hold on, let me just initiate this wire transfer to pay you
Sounds dumb right
Guess how you sound right now

[Anonymous No.58053986]

Bitcoin is for big transactions

Vehicles, Land, Property, Interstate and International Business, Nation States, etc

If you can't see this I am sorry for your loss.

[Anonymous No.58053990]

>>58053866
The global reserve currency isn't meant for poors to directly transact on with their life savings of $50. Next question

[Anonymous No.58053994]

>>58053900
LN is not cheaper than onchain
opening a channel in high fee environments is expensive
so is closing it

[Anonymous No.58054007]

>>58053941
>store of value
doesn't exist
impossible concept

[Anonymous No.58054014]

>>58053982
So you aren't a bitcoin maxi?

[Anonymous No.58054029]

>>58053986
So it's only few jews to use?

[Anonymous No.58054037]

>>58053982
bitcoin is instant
the moment a cheap transaction hits the mempool with a high priority, the chance of being included is too large
a coffee shop would have, in ratio, less failed transactions in bitcoin than in credit cards charging back

[Anonymous No.58054044]

>>58053866
You are spouting off some narrative that existed in like 2016 or earlier. You are probably not a newfag but rather just incredibly stupid. But newfags should know the opportunity cost brutality that people like you went through due to your poor decision.

But My answer is you should not buy bitcoin if you are a high time preference moron who can so easily get filtered by the oldest of bcashier narratives. I don't care if you don't like bitcoin because it is not convenient for you to purchase another dilator with it on layer one. Have fun "daily spending" your dead token on bullshit and pretending like that is a revolution of some kind.

[Anonymous No.58054055]

>>58053990
More Jewish shit.

How do Salvadorians use Bitcoin as their currency?

[Anonymous No.58054057]

>>58054029
false

[Anonymous No.58054096]

>>58054057
How are you a bitcoin Maxi if all you buy with it are big purchases?

[Anonymous No.58054113]

>>58054055
>How do Salvadorians use Bitcoin as their currency?
they can use it as everyone else does it
by entering the blockspace virtual auction

[Anonymous No.58054124]

>>58054044
Still haven't answered the question.

[Anonymous No.58054141]

>>58054113
So now you use ethereum?

[Anonymous No.58054156]

>>58054096
first of all, I'm not a bitcoin maxi
second, I don't only do big purchases, when have I fucking said that, you stupid ass retard gaslighting jew?
bitcoin blockspace isn't measured in USD, it's measured in satoshis/vBytes
the fees are relatively low comparable within the network
bitcoin is not responsible for the dollar losing all its value and making your eggs cost 5 fucking dollars

do you understand?

[Anonymous No.58054160]

>>58053930
Who cares if it's for small amounts

[Anonymous No.58054164]

>>58054141
when has anyone mentioned ethereum
do you not understand how the mempool works?
here bro
https://bitcoinfees.net/
you got homework to do, faggot

[Anonymous No.58054178]

>>58054156
The question was directed at bitcoin Maxis.

[Anonymous No.58054198]

>>58054160
Defeats the purpose of peer to peer, now you need a third party for small transactions.

[Anonymous No.58054218]

>>58053866
>>58053892
>>58053982
>>58053986
>>58053990
>>58054029
>>58054044


Can gold bullion maxis explain to me how you use your metal with such high transaction fees?
Like say I want to buy a $3 cup of coffee, if I pay in gold I have to also pay a $10 transaction fee on top of the $3.

[Anonymous No.58054235]

>>58054218
I don't use gold. I unironically use Doge for crypto transactions.

[Anonymous No.58054256]

>>58054198
non custodial state channels don't have a third party, dumbfuck

apologize for your gaslighting or your mother dies in her sleep tonight of sleep apnea

[Anonymous No.58054274]

>>58054256
Name a cold storage lightning wallet.

[Anonymous No.58054377]

>>58054256
>>58054274
No response, because their is none.

Keep trusting Cashapp and PayPal lightning wallets you bitcoin maxi queer.

[Anonymous No.58054390]

>>58053994
then don't open or close channel the moment you want to pay a merchant
the other day fees were like $2
onboard during the night or something lol

[Anonymous No.58054405]

>>58053866
You don't, in the end, someone will print a paper saying that you have X btc, you will be able to exchange this piece of paper for goods or services you want. Fast and 0 fees

[Anonymous No.58054510]

>>58053866
You use a centralized payments provider.
In Switzerland the first banks are starting to offer crypto debit cards.
Obviously it defeats the purpose from a puritan crypto holder perspective, but I found it useful to onboard some crypto to tradfi for at least 2 reasons:

1. diversifying against the risk of private key loss and personal wallet hacks
2. for now you need to onboard some of your funds to tradfi anyway if you ever want to cash out

[Anonymous No.58054520]

>>58054405
And you think that's a good thing?

[Anonymous No.58054538]

>>58054510
So you use a third party to transact with, not bitcoin. It defeats the purpose of bitcoin's entire existence.

[Anonymous No.58054600]

>>58054405
So you're saying to go back to the system that btc was meant to "revolutionize" except not secured by anything other than "trust me bro"?

[Anonymous No.58054615]

>>58053866
use cash app with lightning

[Anonymous No.58054619]

>>58053866
The same way you use you gold to buy coffee..

[Anonymous No.58054620]

>>58054600
And why do Bitcoin maxis always say, Bitcoin is a commodity and everything else is an unregistered security? They want all crypto illegal except bitcoin. Why are they afraid of competition?

[Anonymous No.58054637]

>>58054615
>use a third party custodial wallet.
Might as well use a CEX debit card.

[Anonymous No.58054647]

>>58054619
So bitcoin isn't money?

[Anonymous No.58054650]

>>58054637
yes i would use my crypto.com visa card if im buying a coffee not to store my life savings

[Anonymous No.58054691]

>>58054650
So you didn't buy it with bitcoin, you sold bitcoin to a CEX and the CEX paid for the coffee.

What is the purpose of bitcoon then?

[Anonymous No.58054750]

>>58054691
to be an inflation hedge and serve as pristine collateral

[Anonymous No.58054849]

>>58054750
Only as long as it has value though, what makes it valuable?

[Anonymous No.58054881]

can retards explain to me how the modern iteration of banking cards took 65 years to become a reality? can you explain why the first bank of america credit card could only be used in california for the first 10 years? can you explain why the first chip card was only available in europe in 1994 and discover card didnt adopt this feature untill 2010?

or i can explain it too you, technological process takes time believe it or not. credit cards took 65 years to become what they are today, bitcoin has been around for about 15 years since its inception and i would put money that it wont take even half as long as credit cards took to evolve, oh and along the way bitcoin sparked a wide assortment of major technological advancements in almost every sector with the blockchain tech it inspired and its profits largely funded

[Anonymous No.58054909]

>>58054881
So you're saying bitcoin isn't ready? How is El Salvador using it?

[Anonymous No.58054923]

>>58054849
market demand and scarcity
if nobody wants to buy bitcoin the value will be zero you are correct about that

[Anonymous No.58054936]

>>58054274
elecrum

[Anonymous No.58054945]

>>58054909
no im saying it will keep evolving to be more functional and affordable for the masses as time goes on. im actually not a btc maxi anyway but i thought lightning network already began to solve some problems.

[Anonymous No.58054952]

>>58054377
>>58054274
>>58054936
what now faggot

I'm serious
apologize or you will get a drone strike with white phosphorous

[Anonymous No.58054963]

apologize, jew

[Anonymous No.58054980]

[Anonymous No.58054991]

you're going to die fiatcel

[Anonymous No.58055031]

[Anonymous No.58055062]

>>58053866
Bitcoin is now only for storage of wealth. Solana is for payment and real life.
This is what has become apparent for me as a Norwegian. ETH will probably die.

[Anonymous No.58055073]

>>58054991
>fiatcel
Anon I have bitcoin, I'm just not a maxi because bitcoin maxis are gay for Max Keiser who looks, acts and sounds like a jew.

[Anonymous No.58055084]

>>58054945
>it will keep evolving
So they could change bitcoin? So it isn't immutable?

[Anonymous No.58055085]

>>58055062
6 months from now Solana will be number 2 in market cap - screencap this
In 2 years it will be number 1

[Anonymous No.58055108]

>>58055062
Solana is centralized though.

The future is Doge.

[Anonymous No.58055124]

>>58055108
Yes, but it will still happen.

[Anonymous No.58055131]

>>58055084
>24 posts by this id
You had 14 years ffs, you rabid poverty stricken niggerfaggot

[Anonymous No.58055145]

>>58055073
then what the fuck are we even talking about here my man
maxis are retarded
meanwhile we have atomic swaps between the most private bitcoin wallet and monero
the largest non purely core node is dojo
whirlpool is twice the size of LN and Liquid

maxis don't do shit and have no say in what bitcoin does

[Anonymous No.58055163]

>>58055124
My problem with bitcoin is the only way to actually use it is through centralized entities.

[Anonymous No.58055177]

>>58055131
So bitcoin is just a get rich quick scheme?

[Anonymous No.58055245]

>>58055163
>>58055177
lightning can be both custodial and non custodial. block size will eventually increase when 1MB is like 1 byte in year 2024. stop making other people do the work for you, you're the only one responsible for your situation.

[Anonymous No.58055264]

>>58055245
What's my situation?

[Anonymous No.58055282]

>>58055245
Also, lightning is a layer 2, so you're essentially using a different crypto. When there is full adoption, governments will issue their own layer 2 and keep the price of actual bitcoin high.

And you like the brainless borg faggot you are will love it.

[Anonymous No.58055326]

>>58053866
Not as bad as ETH. I wanted to buy a coffee with 0.0015 ETH (£4) - the gas fee was 1.4 ETH (£3855).

[Anonymous No.58055352]

>>58055145
Because layer 2s will be used to control bitcoin. Banks will buy up all Bitcoin, increase bitcoin fees so high it's unusable and then create their own version of lightning wallets that you will have to use if you want to transact in bitcoin.

They don't have to ban bitcoin, if they can centralize and control it. What do you think the purpose of ETFs are?

[Anonymous No.58055363]

>>58053866
BTC is not Bitcoin simple as.

[Anonymous No.58055421]

>>58055326
ETH is more of a joke than Doge. Always has been.

[Anonymous No.58055470]

>>58055282
>lightning is a layer 2, so you're essentially using a different crypto
not at all. stop making other people do the work for you.

>When there is full adoption, governments will issue their own layer 2 and keep the price of actual bitcoin high
probable, and? layer 1 and open layer 2 will still be there for people who don't want to be slaves.

[Anonymous No.58055493]

>>58055470
>open layer 2
Who owns those layer 2s?

[Anonymous No.58055501]

Imagine you bought bitcoin for a few cents each and you look at your profits of +680,359,235%

Would you not be a bitcoin maxi like he is? Because thats what he sees.

Perception everybody

[Anonymous No.58055504]

>>58055470
Who created lightning and why should I trust them anymore than the creator of ETH?

[Anonymous No.58055527]

>>58053866
You cash out a few before hand. Convert $300 worth of btc to your btc card weekly and you wont have to spend any fees besides the original. You can still store the remaining btc in your own wallet so you only control it

[Anonymous No.58055581]

>>58055527
So you need FIAT?

[Anonymous No.58055596]

>>58054014
Idk, my view on it is right now it is the best crypto because it has the largest network. Is twitter flawed? Deeply, but what makes it the best in the format is that it has so many users. Networks are useless without users.
My view of bitcoin for a long time, like 8 years now, has been that it is a fantastic way to move large values. So I see it as a competitor to swift, fedwire, etc. It comes from my time in banking. Nothing else can transfer money so cheaply over the internet and actually settle so fast. It's different than just notional balances where the back end settlement actually takes several days. We're talking no shit settlement in like 15 minutes, it's like teleporting a stack of cash. Can be amazing in retail banking context but also for interbank lending. Like Lehman weekend wouldn't have mattered if it existed then, because they could actually get a legitimate transfer on a saturday.
>>58054037
I agree with you and the days of wondering if your transaction will go stale and fall off two weeks are really over, then again most people are paying the prevailing fee. Though I think even a cheapskate tx would still get picked up pretty much always

[Anonymous No.58055600]

>>58055581
Better than gold still and gold's atop the world marketcap

[Anonymous No.58056320]

>>58053961
wow only ~$4 for a fee
so good!

[Anonymous No.58056670]

>>58054218
>gold bullion maxis
Who the fuck buys gold for profit? Who? People buy gold to hedge against inflation, not make a profit, you fucking lying cryptofaggot piece of shit.

[Anonymous No.58056905]

>>58056320
Paying an extra $4 to the Maxi jew miners for your coffee makes it taste better anon.

[Anonymous No.58057540]

The innovation is proof-of-work, not digital payments. Watch this to understand https://www.youtube.com/watch?v=ikPnr23h7qg&

[Anonymous No.58057821]

>>58053866

You don't use bitcoin to transact and buy stuff with, it's a store of value faggot. If you really want to pay for stuff with crypto, swap it to litecoin and use the litecoin network, fees are literally less than $0.01.

[Anonymous No.58057908]

>>58053866
You don't you cash out to monero before this shit coin network collapses and takes the rest of the crypto "market" with it and makes biz a pink board of angry bagholders with bagholding stink marines writing death threats about sirgay nonstop.

[Anonymous No.58058096]

>>58057821
>store of value
>has no intrinsic value

[Anonymous No.58058215]

>>58058096
Its value is that it has no other value than as a perfect store of value. The benefit of this is that you dont have to worry about it being used for other things like jewelry etc.

[Anonymous No.58058273]

>>58053930
Hot Wallet : Debit Account
Cold Wallet : Savings Acount

[Anonymous No.58058295]

>>58058096
pyramid scheme bro

[Anonymous No.58058406]

>>58054538
No it doesn't? The point of bitcoin is to keep your wealth from inflating away, and prevent a bank from locking you out of your wealth. This accomplishes that whether or not you use a third party to make small day to day transactions. You're still self-custodying 90% to 99.99% of your wealth. And as things go forward I have little doubt that there will be advancements to and probably competing L2s to Lightning.

[Anonymous No.58058444]

>>58058215
You watch too much Max Keiser.

[Anonymous No.58058467]

>>58058406
>The point of bitcoin is to keep your wealth from inflating away, and prevent a bank from locking you out of your wealth
I thought the point of bitcoin was to be a peer to peer currency.

[Anonymous No.58058485]

>>58057821
>swap it to litecoin
You're not a bitcoin maxi. The question was for bitcoin maxis.

[Anonymous No.58058520]

>>58058444
Really? Because this is exactly what happened with graphics cards when ai came out. If there was a graphics card that was half as expensive as the ones used by miners but just as fast and couldn’t be used for mining it would fly off the shelves.

[Anonymous No.58058527]

>>58057540
>2hrs long
>first 5 seconds buzz word salad
Fuck off. I want you to send my 5000 Sats for wasting my time with that gay video.

[Anonymous No.58058542]

>>58058467
Heh. You're a good baiter.

[Anonymous No.58058550]

>>58058542
You might even say a master

[Anonymous No.58058560]

>>58053866
While FUN remains gaseless on the other hand…

[Anonymous No.58058569]

>>58058520
The fuck are trying to say? What does this have to do with the value of Bitcoin.

You realize you answered the question like.
>duh bitcoin has value, because it's valuable, duh.
And pretended you said anything insightful.

[Anonymous No.58058606]

>>58058542
So answer the damn question, if a kid at the candy shop wants to buy a tootsie for one Sat, why should it cost and additional 10,000 Sats?

[Anonymous No.58058796]

>>58058569
bitcoin is valuable because of its properties providing a service and security enforcing those properties; as a comparison there is no other asset making better money intrinsically

[Anonymous No.58058853]

>>58058796
The service it provides, other cryptos do better. Doge is superior in every way to Bitcoin.

[Anonymous No.58058926]

>>58054849
market demand for non-inflated currency

[Anonymous No.58058939]

>>58058606
I hope we answered all the questions you needed for your research paper

[Anonymous No.58058956]

>>58055163
no? you can transfer your bitcoins p2p on the distributed network, you dont need exchanges

[Anonymous No.58058969]

>>58058939
You answered with buzzwords.

[Anonymous No.58058985]

>>58058969
There are buzzards circling above you

[Anonymous No.58058990]

>>58058956
Transferring it p2p is too expensive.

Lightning wallets are L2, ie third party.

[Anonymous No.58059007]

>>58058853
wrong. other crypto don't have the same level of security, making them inferior and useless. furthermore dogecoin have no cap which proves you want other to do the job for you, or you have no clue. also it has none of the features bitcoin has, such as lightning, scaling, privacy, network effect, etc.

[Anonymous No.58059025]

>>58059007
Lightning isn't bitcoin it's an L2, might as well be another shitcoin.

[Anonymous No.58059041]

>>58053866
Use the lightning network (LN), sir.
Coming down the line is also ecash.
In the meantime you can just use fiat money until vendors provide LN POS (point of sale), and use bitcoin as life-savings/store of value while adoption occurs

[Anonymous No.58059160]

>>58059041
>Ethereum fees too high? Just use Polygon, Base, insert this year's new L2.

I'll make a Bitcoin L2 and call it the nigger network. It will be faster than lightning.

[Anonymous No.58059236]

>>58059025
everyone saw that you didn't answered to my post proving you wrong. instead you pick one detail and turn it into a (fake) counter argument. this fake counter argument, furthermore, is silly because like I already told you, l2 isn't something different, it's a network built with bitcoin's smart contracts. just like the web page you're seeing right now is made readable by html and css, one doesn't exist without the other.

[Anonymous No.58059296]

>>58055084
Kek they can't answer this. Bitcoin is fucking gay.

[Anonymous No.58059304]

>>58059236
Still reliant on third party additions for your p2p transfer

[Anonymous No.58059323]

>>58053866
Use a credit card. Bitcoin is for holding not for spending.

[Anonymous No.58059327]

>>58059296
This is how the jews take control over crypto. The kikes in this thread can only see number go up. They are only in it to increase their FIAT, not get off FIAT.

[Anonymous No.58059341]

>>58059323
>Bitcoin is for holding not for spending
A currency that you hold and don't spend?
Anon, do you know what currency even means?

[Anonymous No.58059392]

>>58053866
Bitcoin maxis don't actually give a shit about this, they only care about the price going up. They stopped caring about using Bitcoin as a currency a very long time ago.

[Anonymous No.58059458]

>>58057540
>muh 51% attack protekshuns is totally worth 1.5 trillion US dollarinos dude!
factually thousands of people DAILY lose their keys and phrases, get scammed, get mugged while you blabber about a hypothetical obscure security feature which wasn't needed for the entire existence of node networking

[Anonymous No.58059463]

>>58059392
This is what I've realized, unlike buttcoiners I don't use this as a reason to abstain from crypto. Understanding this is why I do gamble on shitcoins. I gamble to increase my Sats.

It's obvious (((they))) have chosen bitcoin to win. Lightning was their test to see if they could add a network they have control over on top of bitcoin.

Now they merely have to make transferring bitcoin so expensive that people willingly leave their bitcoin in exchanges and other custodial wallets. As central banks collect and centralize bitcoin. Then central banks will announce CBDCs as L2s on Bitcoin. They will ban all other crypto.

Lightning is the first, and garun-fucking-teed central banks were involved in Lightning.

[Anonymous No.58059488]

>>58053866
ckBTC

[Anonymous No.58059518]

>>58059488
>tether for bitcoin on the biggest scam since the USD
Anon, lol

[Anonymous No.58059542]

>>58059463
Lightning can't scale either, same issue as with Bitcoin. As far as Bitcoin goes, the game is to use it to get more USD, that's the entire purpose... and if I ever made it with any of this crypto stuff I'd sell it all for Gold in a heartbeat because the truth is it's all garbage.

[Anonymous No.58059675]

>>58059542
And lightning is controlled and operated by a company. It's not an open source project as these maxis claim. Lightning has a CEO and employees.

The only way bitcoin can work as a currency is with third party networks like this.

This is fucking evil, and these maxis are cultists.

[Anonymous No.58059878]

>>58054991
He is going to die

So are you

So am I

Bitcoin is digital fiat, manipulated by the US Government

[Anonymous No.58059915]

>>58059304
any p2p network relies on some kind of nodes routing your data. you thought there were an invisible cable connecting you to the other person? you keep insisting on a detail you picked and not on the other content of my post. I've proven you wrong. at least acknowledge it.

>>58059327
>>58059542
fiat is deprecating
gold is also inflationary

>>58059463
block size will increase eventually, but if it's increased now, validating a full node will be too expensive, the hardware doesn't follow

>>58059675
it's a protocol.

[Anonymous No.58059945]

>>58059675
>This is fucking evil, and these maxis are cultists.
it is, Bitcoin is pretty much nothing it promised to be, it's also curious that the US government never banned it, imo it glows. I used to be a believer but got disillusioned a long time ago.

[Anonymous No.58059948]

>>58059915
You're a jew who is trying your best to keep control of the monetary system.

Bitcoin isn't the problem, maxis are.

[Anonymous No.58059965]

>>58059945
Bitcoin on its own was fine, the people involved seemed to have been corrupt. Absolute power corrupts absolutely and the love of FIAT is the root of all evil.

[Anonymous No.58059969]

>>58059915
>gold is also inflationary
gold has a 5000 year history backing it up, Bitcoin and cryptos have been around for like 15 years. It's just some code, you could wake up one day and some tech revolution could make it obsolete overnight.

The inflation rate of gold is nothing to be concerned about.

[Anonymous No.58059991]

>>58059915
>but if it's increased now, validating a full node will be too expensive
You want it expensive, you want it to be an exclusive club. The plebs will get to use bank created L2 networks, while the banks use the real deal.

Then at the end of the day, bitcoin was defeated.

[Anonymous No.58060055]

>>58059945
It pisses me off that I used to argue with people back in the day and have ruined relationships over bitcoin in the past.

I've been in it since the Ron Paul days and never really paid much attention to what it actually was. I was naive and too stupid to actually understand the technology but smart enough to use it.

I'm still too dumb to understand the tech, but I do know adding layers too it is corrupt.

This is exactly what happened to gold. Taking people's gold and issuing paper that says they own gold. Good being L1, FIAT being L2.

These kikes killed bitcoin.

[Anonymous No.58060188]

>>58059948
you're the one spreading lies. look at yourself. 55 posts, you're trying to mislead new people coming. every point I answer, you just jump into another subject.

people can see it by watching our posting history. you change subject when the answer counters your logic and try to create another problem, and so on.

again, people can see it and I invite people to notice this.

>>58059969
if something is that revolutionary, then bitcoin will just use that. but mostly it's all about tradeoffs.
the inflation rate of gold is around 2%, which is awful, but it was the best we had. another issue is that you can't make it a proper medium of exchange anymore.

>>58059991
I say I'm in favor of increasing block size, and you say I'm in favor or small blocs leading to high fees. see how deceptive you are.

[Anonymous No.58060243]

>>58053930
That's what they said it would be from day 1. People that complain about it probably don't even use monero which is the only crypto with adoption that has always functioned well as digital cash.

[Anonymous No.58060507]

>>58053986
the "what is bitcoin for" answer changes daily

[Anonymous No.58060525]

>>58060188
>you say I'm in favor or small blocs leading to high fees
This whole post was me complaining about high fees you hook nosed kike. And your only answer is to use a jew run L2.

[Anonymous No.58060546]

>>58060188
And you didn't answer the question. Your solution to high fees is to trust your money to a Jewish L2 ie lightning.

[Anonymous No.58060706]

>>58060243
I will laugh when lightning shows its weakness and the fees increase on that network too.
Especially in El Salvador, those brown mutts will turn on Bukake.

Unless El Salvador created it's own network, in which case. That's the bigger problem I have. Central governments and banks creating closed systems and pretending they are using p2p money.

[Anonymous No.58060717]

>>58053900
Its cumbersome to use and expensive to onboard to. Normies struggle with regular Bitcoin. Maybe on day every single CEX and fiat onboard will support Lighting and then normies will use it. Until then, its worthless. Also its still expensive, last time I tried it wanted to charge me 50 cents. Imagine paying 50 cents worth of fees for a 3 buck coffee.

[Anonymous No.58060730]

>>58060717
>50 cents worth of fees
Kek, how is El Salvador dealing with the fees?

[Anonymous No.58060738]

>>58058926
>for non-inflated currency
but its not used as currency

[Anonymous No.58060749]

>>58060546
lightning is a peer to peer network where one peer create a channel to another peer which allows them to transact funds instantly and cheaply. what else do you want me to say to a deranged tech illiterate person?

at the current time, you can't have speed, low fees, and security. security is the most important because without it, the whole system couldn't work. with better hardware, if storage costs were 10000x lower and data speed and costs 10000x lower, increasing block size wouldn't be an issue.

I think in the future, there will be a lot of transactions in bigger blocks for lower fees. but there will always be the need for l2 because 10 min block times prevents instant transactions, and 10 min block times prevents orphan blocks which makes the network inefficient.
kaspa attempted to solve this but I don't think the tradeoffs are worth it, because they only preserve the utxos on pruned nodes and so potential data like proof of existence or data upload or timestamped data hashes are missing and it's unclear if archival nodes would ensure the preservation of this data in many decades, because of the massive, unmanageable size of those nodes. that's like making bitcoin with no block size limits, that's not realistic. and I'm not even sure if running mainly on "pruned node" is safe to validate all transactions. not betting on kaspa for now.

[Anonymous No.58060776]

>>58060749
>p2p
>has a jewess CEO
Anon please

[Anonymous No.58060802]

>>58060749
>there will always be the need for l2 because
>give me your gold for safe keeping goy, have this piece of paper that says you own it.
>give me your bitcoin goy, use my jew tube to transfer your BTC it's totally secure.

[Anonymous No.58060844]

>>58060749
>kaspa attempted to solve this
An unapologetic jew coin! Anon the fuck? Are maxis this insane? You're a bitcoin maxi, until a jew makes another crypto, is that it?

[Anonymous No.58060879]

>>58060802
considering you fail to answer to the points I raised and started rambling about something you don't seem to understand, I invite you to take your meds
afterwards you can maybe try understanding what does that mean having a 10 min block time, why it's still faster than gold, why merchants won't wait 10 min for your payments, things like that

[Anonymous No.58060944]

>>58060879
>why merchants won't wait 10 min for your payments
Merchants like you? You're the gayest BTC maxi I've ever seen. You're so gay you could suck the snot from a congested elephant trunk.

[Anonymous No.58060964]

>>58060944
no, I'm not a merchant
a merchant is someone who sells thing outside of the internet, in the street, where you live
so are you saying they will wait 10 min after you make a payment, is that what you mean? because you know bitcoin has 10 min block time (for good reasons)

[Anonymous No.58061013]

>>58060964
So you're an unhappy merchant?

[Anonymous No.58061021]

>>58053866
yep lol

[Anonymous No.58061025]

>>58061013
I'm not at all a merchant. take your meds, quick

[Anonymous No.58061034]

>>58060964
I don't know anon, you call me stupid and seem oblivious to trolling.

I'm not giving away any bitcoin. I'll only hold it. If I cash out it will be to gold. Fuck FIAT and fuck you for trying to make bitcoin Fiat you filthy kike.

[Anonymous No.58061040]

>>58054044
would you still say this if bitcoin was worth $1 per coin and other cryptos were worth more and more popular

[Anonymous No.58061048]

>>58061013
I enjoy antisemitism as much as the next guy. But you really do need to take your medication.

[Anonymous No.58061058]

>>58053866
I'm not poor

[Anonymous No.58061478]

>>58060879
I struggle to see how you are unable to see the issue with Lightning. It is literally the antithesis of decentralized. How can it be P2P when it is the property of a company? I see the value in BTC as a store of value and a medium exchange for large purchases. But in the context of it being used by the common man, cracks begin to show.

[Anonymous No.58062811]

>>58061478
He sees, he's just a disingenuous faggot bag holder.

[Anonymous No.58063230]

>>58060188
>the inflation rate of gold is around 2%
and thats the countries target for healthy inflation rate, exactly for this reason, because money is still backed by gold but not directly