Replying to Avatar Chuck Langstrumpf

Sadly it is not. It does not work as money with 7tps onchain and lightning being so bad that almost everybody uses custodial wallets.

Go to El Salvador and see for yourself - it completely failed as money.

This is why governments have no problem in supporting BTC - it does not work as money in its current form, it is no competition to FIAT and as a public, transparent ledger it offers total surveillance for the people who control us.

Ask yourself - why are governments not afraid of BTC?
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goatmeal 3mo ago 💬 1

you can tell the person is new to bitcoin if they don't remember repeated periods of full blocks and the kinds of huge problems it causes. anyone who lectures you that self-custody is always an option is like this.

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Chuck Langstrumpf 3mo ago

and also has never used non-custodial lightning and felt the pain.