Hacker News new | ask | show | jobs
by jacobr 3025 days ago
> With Bitcoin, for the first time in history it’s possible for anyone with an internet connection to quickly and securely send any amount of money to anyone else, anywhere in the world (or even Mars!), for low or zero fees.

> And this isn’t just theoretical. It happens every day on the Bitcoin network.

I'm not 100% convinced about a wide spread adoption of decentralized cryptocurrencies, but if it is to happen it will be a coin with low or zero fees. What OP is not honest about is that there are no transactions on the Bitcoin network with low or zero fees.

4 comments

Indeed. In theory we all love bitcoin, but in practice we started to hate it once the investors came, started to speculate with it and destroy our planet with absurd energy consumptions. Feels like the Paperclip maximizer gone mad.
https://lightning.network/ proposes a solution, but I don't know if it's viable.
> quickly and securely ... for low or zero fees.

Exactly. These are just lies. In 2018, transaction fees are high, and confirmation times are slow for bitcoin.

And it wasn't even designed for that as once all the 21(?) million bitcoins are minted then transaction fees are the incentive for the miners to keep mining.

Now I'm wondering if the Mars rovers have their own bitcoin addresses?