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by Retric
1929 days ago
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> Transaction rates are not artificially kept low. You can look it up, larger blocks where allowed in the past, 1MB is a completely arbitrary size that was overkill at the time but hasn’t increased. Even 1$ transactions are quite expensive though they are often much higher. The lighting network has it’s own separate set of issues. It’s Bitcoin backed but loses some of Bitcoins advantages: https://arxiv.org/pdf/2006.08513.pdf > Online Only- I don’t think there is a solution to this criticism, but not sure what the issue is. It’s simply a dependency. Shops may have issues accepting CC payments after a hurricane for example, but they can always take cash. |
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The biggest problem with bitcoin is that scammers spread FUD to justify their scam coins and too many people believe the FUD.
You are repeating FUD here and basing it in your non-understanding of how bitcoin works.