[alchemist1e9]

What is complicated? It takes seconds on my phone, must less complicated than writing a comment on HN!

The processing fees are lower for vendors than credit card fees if they accept LN Bitcoin. For me the “savings” account is completely self custody held in a non-inflationary non-depreciating currency called Bitcoin.

Massive value for everyone by cutting out the legacy banks. As I said earlier, unless you actually do it, and use it, you won’t understand how rapidly crypto is embedding itself and likely will take over in next decade for sure.

[kiitos]

it turns out that legal regulations are Actually Good and Really Important

[alchemist1e9]

And how did you come to that conclusion? From all the money laundering done by the traditional banks for the cartels once they bribe the right AML personnel?

[kiitos]

no, from the lessons that we have collectively learned, from the hundreds of years of history that we've collectively experienced, that have resulted in the banking infrastructure that we have today.

it's flawed and it can be improved, no question, but improvements need to reflect a basic understanding of the lessons learned by past experience, regulations were created for a reason, etc.