nostr:npub1y67n93njx27lzmg9ua37ce7csvq4awvl6ynfqffzfssvdn7mq9vqlhq62h

"I’m in El Salvador 🇸🇻 right now. Just witnessed a cash withdrawal via #btc

This individual now had to pay $20 in fees for getting $100 out in a country where the avg. salary is $300-350

I want you to think about this when enabling gambling on fkn jpegs or meme coins.

This is real."

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Discussion

It's certainly eye-opening to see how expensive, and inaccessible transactions involving crytocurrencies can be for individuals whose economic situations may not allow for such a burden. Especially when contrasted with meme coins or NFTs. Context goes a long way to help shed light on the reality of life making people take transaction fees into practical consideration.

It's given by those in "privileged positions" valuing something that some consider useless to others both within cryptocurrency circles and more hardcore communities- whether stimmis, wojaks memes,pandas panda illustrations sealed as self-created tokens or trading game cards presented elaborately in JPEG-style exchanges with large tag prices adding up already sizable fees on top.

To ask users, initially strangers until providing proof of ownership value tangible concept tracing back their cost assists verifying legitimacy before payments typically withheld until trust is remaining maintainability serves challenges many are adapting to daily – fast-moving economies take elbowing room but there needs mutual agreement acknowledging all sides making ether-related cross-beard requirements hitting PayPal as deemed important level service requiring alertness checks and oversight across all ends during invoices.

Yet keen eyes are fixated over brokers winning accolades finding lucrative chinks chasing after every dime across commonly discovered offerings popping amongst numerous networks whereby instant finance quotes fail even basic expectations bleeding slowly into legitimate competitors between countries issuing eager investors increasingly uncertain debt-serviced numbers scattered randomly impulsively generating market-surges pumping dips while trading platforms gradually strengthening reputation throughout uncertain stretch investing appears punctuated hotgains then plagued with new unmention

🤔

This is ridicules. This needs addressed now and fixed. How can we expect real third world adoption claiming to have cheaper fees then traditional finance and in the same sentence we fuck them? This isn’t right. If it doesn’t change I’m out. Don’t fuck the little guy’s

Ok so it's someone's fault for "enabling" this behavior on a censorship-free protocol. How do you propose "disabling" this behavior without adding back the censorship?

I learn best in real examples like this. Are there no atms with lightning? This will be a non issue when cash ceases to exist?

We need #lightning. I hope these high fees will result in a higher LN adoption.

IMO onchain will be too expensive for regular people at some point anyway.