Subnostr

What I find funny about folks continuously FUDing Bitcoin for payments/medium of exchange is that, even without high fees, why do you want to wait 5-10min (or longer of course) for that transaction to settle?

Lightning in most cases is still very, very good for day-to-day spending, and there are more wallet/app choices than ever. Just open some channels when fees are lower, and boom your set.

Why is this so hard? And again I’ll say my daily driver is nostr:npub1xnf02f60r9v0e5kty33a404dm79zr7z2eepyrk5gsq3m7pwvsz2sazlpr5 but DYOR

Reply to this note

Please Login to reply.

Discussion

ĐaꝞꭵꞧuꞩ.₿ 🟠 1y ago

Lightning solves the speed problem. Which is great already.

But in terms of transaction fees it is simply an arbitrage mechanism. You could even call it a "long on fees" derivative.

Abstract Equilibrium 1y ago

Cash, whether its P2P or not, should be a store of value first (for context, see https://www.etymonline.com/word/cache ), and sending a billion usd for a thousand usd is not that bad.

If the SoV gets in the way of MoE, the MoE will use a different layer. Lightning works well enough now, but we will need to do better.