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by tryptophan
2746 days ago
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Even if it does happen, I don't see the point of it. Why use centralized bitcoin based transactions vs centralized USD based transactions? Isn't the whole point of bitcoin that you get rid of centralization? But apparently people want to bring it right back with lightning. |
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I think there's a more important aspect here: there is very little demand for transacting in a second currency worldwide, and almost 0 demand within stable economies. As an American who does 100% of his transactions with other Americans in USD, why in the would should I introduce exchange rate risk into my daily transactions? The lightning network might be all the hotness, and I doubt that, but so long as its marked in a currency that I don't get paid in and my landlord doesn't take, I have no earthly incentive to tie up any of my hard earned money in a second currency in some lightning channel.
And that's not even starting on the absolute trainwreck that is general crypto UXD. Open a channel and tie up some of my money somewhere so I can eventually make a payment in the unspecified future? No thanks.