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Bitcoin is not sustainable and everyone knows it (Quantum computers are coming). Buying bitcoin only benefits the miners or node runners the same as any financial broker (Bitcoin's a good deal, but for who?, Economics 1101). And there is nothing decentralized about bitcoin because the centralized groups are making the money, not the bitcoin buyers or users.

And let's be honest, the conversion fees are outragous.

Luffy 2y ago

Hmmm. All facts??

How does buying bitcoin benefit node runners?

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Discussion

mike 2y ago

"By earning small amounts of money if you validate transactions on the Lightning Network that are routed through your node by charging a percentage of the funds routed as a transaction fee."

Luffy 2y ago

Not really. I'm not sure anyone actually makes money out of running nodes. Rebalancing fees out weight routing fees usually.

I would put it more like spending bitcoin on the lightning network is made possible by noderunners who often break even and run nodes to support the network. But that might bemy experience only from talking to many who run nodes

mike 2y ago

It wasn't a discussion and a fact (Facts cannot be argued, they are what they are).

https://bitcoinmagazine.com/guides/how-to-operate-a-profitable-lightning-mode

Luffy 2y ago

https://bitcointalk.org/index.php?topic=5301061.0

Makes it real 😀

mike 2y ago

"I graduated Magna Cum Laude . That's not a Starbucks drink." –ME.

You posted a discussion of opinions. I posted facts. Again. It's a not discussion, it's a fact.

Luffy 2y ago

😀 yes boss. 😆