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by danuker 1617 days ago
> and I'm pretty confident being a locally popular trading commodity amongst edge communities is not the central goal for bitcoin

Given the transaction fees needed for a distributed-enough network, and the bureaucracy needed when trading, it is not very useful as a currency, at least not for small payments, excluding Lightning.

So it's a commodity.

1 comments

Excluding lightning and layer 2 solutions like rollups. Why would you make those exclusions though?
The reason is they are not yet accepted in many places, though in fairness, they seem to grow a lot.