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A hilarious normie moment on LinkedIn this weekend:

The Wall Street Journal posted an article about the bitcoin ETF approvals. Of course, it was paywalled and requires a $10 weekly subscription to read it.

I commented:

It would be great to be able to pay for the content of this single article using bitcoin, as opposed to a subscription.

And (I shit you not) someone with a PhD in computer science (according to their bio) replied:

Why? What would make it great?

Waiting several hours to see if the transaction goes through?

Complex management of your bitcoin address?

I think you're confusing 'bitcoin' with 'micro-transactions'. And if there is one thing bitcoin is totally unsuited for, it's micro-transactions. Only 8 transactions per second, shared between the whole planet. Nobody wants to wait hours or days or weeks to find out if a micro-transaction payment cleared on-chain and they can finally view the article.

My response:

Have you not heard of the Lightning Network? It's not 2015 anymore.

Just unbelievable. 🤣

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Discussion

nobody 2y ago

People always forget. I agree with his point on BTC, but we have lightning. There are a few vendors I wish would adopt it. Like mega.nz. My payment in BTC to them failed because it took too long (fees blew up) but lightning solves that.

The Daniel ⚡️ 2y ago

It’s crazy to see on-chain payment addresses for anything. It’s one of the things I really wish companies like NameCheap would hurry up and fix.

nobody 2y ago

Yes indeed. Lightning payments online have been flawless for me and would be perfect for micro-transactions like unlocking articles.

Lebanese Hodl 2y ago

PhD iN cOmPuTeR sCiEnCE 🤡

The Daniel ⚡️ 2y ago

Clearly Mensa material we’re working with here. His other comment was:

Presumably, a Beanie Baby ETF won't be far behind.

Can you imagine how valuable Beanie Babies might have become, if only asset managers had thought to make ETFs from them?

Spot ETFs for Beanie Babies would have brought further legitimacy to Beanies, brought in new Beanie leadership, increased Beanie adoption, especially among investors who previously had limited or no access to the Beanie Baby asset class.

nobody 2y ago

Proof that a degree does not bestow sense.

The Daniel ⚡️ 2y ago

We front-ran the ETFs and the PhDs.

nobody 2y ago

I’m not surprised brother. Most of the more brilliant people I’ve worked with either dropped out, or were brilliant before they enrolled.

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RobOK 🔸 2y ago

did you ⚡️him? oh wait ... right... Microsoft hasn't implemented zaps on LinkedIn!

The Daniel ⚡️ 2y ago

Nope!

Nelly 🍁 2y ago

Lonkedin still a thing. Who knew.

The Daniel ⚡️ 2y ago

It’s Facebook for “professionals.” 🤣

nobody 2y ago

It’s what happens when Microsoft runs a social network.

Stick to games Microsoft.

Adarnit 2y ago

I just zapped this note to prove his dumbass wrong

Nichro 2y ago

Just zapped you. Send a raven when you get it

The Daniel ⚡️ 2y ago

I don’t know what this even means but I’m still laughing at the thought of it.

47 2y ago

Linkedin is truly fucking pathetic

The Daniel ⚡️ 2y ago

It’s an actual dumpster fire over there.

Doog 2y ago

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One of the draw backs of living in a bubble.

Things like the experience discussed are always a great reminder to me that the vast majority do not know anything about Bitcoin. Or at least very little. Not that I know much more.

On top of that, most of them are not curious, outsource all of their thinking or have too much pride and are incapable of any meaningful introspection.

You can insert anything else in bitcoins place and it all still works.

It's fair to say I am probably just as guilty of the same flaws. Regardless, these types, in my view, are not worth engaging with.

Kmaximus 2y ago

Must have been a shitcoiner

The Daniel ⚡️ 2y ago

I’m guessing a nocoiner.