Hacker News new | ask | show | jobs
by RestlessMind 885 days ago
True, which is why you do not convert Bitcoin to USDC for each micropayment. You batch all the USDC transactions until you have a sizeable amount to touch Bitcoin network.

Ultimately, I see Bitcoin as Gold. You do not touch your gold savings for buying your daily coffee. For that, you have USDs in your wallet. But you still transact with Gold once in a while when it makes sense.
1 comments
nikolay 885 days ago
So, if wires are chaeper in EUR (thanks to SEPA), than even if I want to store my wealth in USD, I need to always sell USD for EUR just to do wires?! That's crazy! It's a patchwork an a scheme, not an alternative to fiat, gold, or stocks!
link
RestlessMind 885 days ago
> So, if wires are chaeper in EUR (thanks to SEPA), than even if I want to store my wealth in USD, I need to always sell USD for EUR just to do wires?! That's crazy!

Indeed it is crazy. Who is advocating for that though?

link