| > Again, read up on second-layer scaling. As in "not using the blockchain" otherwise known as "not using bitcoin". Lightning Network wouldn't even need to exist if Bitcoin was actually good at what it did. Speaking of, when will I be able to use LN to purchase a cup of coffee from Starbucks? > Also you can mine it yourself. Yes. By "mine it yourself" you mean "burn more money on electric and hardware than the value of the bitcoin mined"? Cause last I checked the days of individuals being able to profitably mine bitcoin at home are long gone. > There are may solutions for storing your deposits securely, hardware wallets being one. So in addition to buying their Bitcoin from early adopters, these poor repressed people will also need to purchase an expensive (for them) hardware wallet and then learn to use it? What if that hardware wallet gets lost or stolen? What if they forget the key? What if the owner passes on and the children need to access the wealth? How does inheritance work? > Everybody who tells me that knows very little about Bitcoin Bitcoin users are an intersection of people who don't understand finance, economics, politics, computer science, monetary policy, legislation, regulation, socioeconomics, math, or seemingly life itself.... It's borderline willful ignorance. |
You don't understand Bitcoin
> Cause last I checked the days of individuals being able to profitably mine bitcoin at home are long gone.
You don't understand Bitcoin https://powercompare.co.uk/bitcoin-electricity-cost/
> What if that hardware wallet gets lost or stolen? What if they forget the key?
You don't understand Bitcoin or the concept of backups