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Replying to Avatar Edward Snowden

The fact that Bitcoin isn't yet accepted everywheree and for everything really underlines for me how few people have actually used Lightning. Whenever I show somebody how it works, there's always that "wow" moment. But why was it a surprise?

The problem is that normal people still understand BTC from the one half-remembered opinion piece they read in 2017, and are operating under the belief that transactions still take an hour to settle, rather than being instantaneous and irreversible — money transmission without the Paypal Problem. The public mind needs a cache refresh.

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TahToh 2y ago 💬 1

The problem with Bitcoin is that people dont primarily use it to transfer value (i.e., to purchase goods and services) but to rather to store value. This (in my view) is Bitcoin's biggest problem.

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ede3d957... 2y ago

It's not a problem. It's its value proposition.

If you want to transfer value you want something like Monero that is private and fungible (cashlike) by default.

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