3 ms·

This type of thing is exactly why I was excited by the bitcoin whitepaper a decade (ish) ago and why I have been so frustrated by the day-trade lambo culture th

This type of thing is exactly why I was excited by the bitcoin whitepaper a decade (ish) ago and why I have been so frustrated by the day-trade lambo culture that bitcoin grew into. I would be much more enthusiastic about Satotious if I had any remaining confidence in the stability/security of BTC or its derivatives; BTC Lightning in this case.

emteycz 6y ago
Why don't you convert to USD immediately?
- deleted 6y ago
  [deleted]
- satotious 6y ago
  Yes, I believe theres a few startups(escher, lastbit, strike) working on converting lightning BTC <-> USD
- shuntress 6y ago
  I'm not sure what you mean by this. If you know of a system for friction-less person-to-person transfer of small amounts of money (Like handing someone a dollar bill, but digital) with widespread adoption on news/entertainment websites please provide a link. I'm currently using my time+attention as payment (via ads) for most of the content I consume online. I would prefer to have the option of "carrying" a wallet to pay with cash instead. Edit: Maybe I should have been more clear about what I meant by "stability" and "security". I mean that any time I make a transaction with BTC, I have an extremely low level of confidence that the goods/service I've purchased would have the same value or that my money would have the same purchasing power even in a very short timeframe. "I have $50 to spend this month on news and content. Should I hold off buying anything until next week and hope that all the articles I want to read are cheaper??" Maybe in a world where I receive a BTC paycheck and pay all my bills with BTC it would make more sense.
  - satotious 6y ago
    Yes I see where you are coming from but I dont think it matters for smaller purchases. You have $10 this month, maybe $10.25 next month, you want to read an article which costs $0.005, are you going to hold off for such a small amount?

emteycz 6y ago

Why don't you convert to USD immediately?

deleted 6y ago
[deleted]
satotious 6y ago
Yes, I believe theres a few startups(escher, lastbit, strike) working on converting lightning BTC <-> USD
shuntress 6y ago
I'm not sure what you mean by this. If you know of a system for friction-less person-to-person transfer of small amounts of money (Like handing someone a dollar bill, but digital) with widespread adoption on news/entertainment websites please provide a link. I'm currently using my time+attention as payment (via ads) for most of the content I consume online. I would prefer to have the option of "carrying" a wallet to pay with cash instead. Edit: Maybe I should have been more clear about what I meant by "stability" and "security". I mean that any time I make a transaction with BTC, I have an extremely low level of confidence that the goods/service I've purchased would have the same value or that my money would have the same purchasing power even in a very short timeframe. "I have $50 to spend this month on news and content. Should I hold off buying anything until next week and hope that all the articles I want to read are cheaper??" Maybe in a world where I receive a BTC paycheck and pay all my bills with BTC it would make more sense.
- satotious 6y ago
  Yes I see where you are coming from but I dont think it matters for smaller purchases. You have $10 this month, maybe $10.25 next month, you want to read an article which costs $0.005, are you going to hold off for such a small amount?