Beyond Coffee: Bitcoin for Every Day Use with Lnurl(degreesofzero.com)
degreesofzero.com
Beyond Coffee: Bitcoin for Every Day Use with Lnurl
https://degreesofzero.com/article/beyond-coffee-bitcoin-for-every-day-use-with-lnurl.html
4 comments
The internet didn't magically appear one day in its current form. It is a pile of good-enough solutions, layered on-top of one another as they became needed. The same could be said for many of the other systems that humans have developed.
The internet didn't magically appear one day in its current form.
Correct. Considering we've never seen a decentralized store of value requiring no trusted intermediaries on its way to becoming a reserve asset before, I'd say bitcoin is doing pretty good at a nearly $700 billion market cap.
Correct. Considering we've never seen a decentralized store of value requiring no trusted intermediaries on its way to becoming a reserve asset before, I'd say bitcoin is doing pretty good at a nearly $700 billion market cap.
It is a pile of good-enough solutions...
The real problem is that the foundation of Bitcoin is not good enough to ever function as a practical, real world currency.
And over a decade of development and use has produced little evidence to the contrary. Bitcoin's main function remains speculation.
The real problem is that the foundation of Bitcoin is not good enough to ever function as a practical, real world currency.
And over a decade of development and use has produced little evidence to the contrary. Bitcoin's main function remains speculation.
Wake me up when Bitcoin's primary function, utility and real world impact is something more practical and positive than speculation and energy consumption.