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Exactly! If Walmart/McD's wish to successfully use Bitcoin, they will easily batch millions of transactions from numerous locations into just a handful of on chain network transactions. The point is finality in Bitcoin for those who wish to hold hard money at the end of it rather than a credit system or fiat currency. I see a lot of clearly incorrect information being displayed here about l2 such as Lightning Network, and at odds with reality. I'm not addressing the posts but it seems lately HN comments have nearly become a pile-on of misinformation bike-shedding about Bitcoin and in the face of reality, these folks want to spread outright lies and falsities. You may not own Bitcoin and you may not like it, but it's going far when hundreds of comments are so boldly misleading. For folks who are into science and technology, and some who are hackers, the ethos doesn't check out spreading misinformation about energy usage, centralization, and fairness of the system. When I was growing up, hacking was all about freedom to explore, libertarian bent, and/or anarchy. The cypherpunk movement from which Bitcoin sprang was very libertarian or even one could say classical liberal. This article attempts numerous times to, for some reason, compare libertarianism to communism which is quite absurd. Libertarianism is for as little system of government as necessary, for staunch individual liberty and property rights, and hands-off free market economies. Clearly, communism is for state controlled property and no individual rights, one-world state, and no individual rights at all. Communism seeks to replace free-market economies with everyone equal and no individual rights. It's absurd on it's face to even compare libertarianism to communism when they're at opposite poles. At any rate, I would hope people don't take all these fear-mongering anti-crypto articles just at face value and do some research into what crap they're reading. |