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by imtringued
1885 days ago
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>Not true at all, many here on HN are openly hostile towards it because they dismissed it at the time while others were made obscenely wealthy. I won't mince my words. People hate cryptocurrencies here because they are shit, the technology is shit. The only reason anyone buys Bitcoin is as you said, because they want to become part of the pyramid scheme. |
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I rest my case:
> I won't mince my words. People hate cryptocurrencies here because they are shit, the technology is shit. The only reason anyone buys Bitcoin is as you said, because they want to become part of the pyramid scheme.
With that said, show me another payment rail-system that can do what LN does and I can settle and pay for things in real time instantly and for no cost at any time, on any day and I'll be open to agreeing with your point.
Except I already know you can't, and what many of you think is 'vaporware' actually works; just check out a DJ set in front of the San Francisco Mint that used Bitcoin to pay the DJ and the music producers in real time in with a 10%-90% split. And amyriad of other services mentioned in that substack.
Just because YOU don't use it, and have no use for it doesn't mean it's 'shit' it just means you can't or don't have any usecases for it and nothing more.
[0]: https://lightninglabs.substack.com/p/streaming-sats-why-bitc...