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You're completely ignoring layer 2 and other off-chain places where you can exchange Bitcoin. For example, while a transaction on-chain might move only 1 Bitcoi

You're completely ignoring layer 2 and other off-chain places where you can exchange Bitcoin. For example, while a transaction on-chain might move only 1 Bitcoin, it's very much possible that that Bitcoin has changed hands millions of times in another layer.

paulgb 6y ago
I'm ignoring Layer 2 because I think it's vaporware. Every time I look for volume numbers they are negligible compared to BTC as a whole.
- Melting_Harps 6y ago
  It's a UX/UI issue, you as a (presumed) tech worker should know better and consider it a working beta, not vaporware. It's there, it works, but most people have not been onboarded.
  - rspeele 6y ago
    So it's kind of like the Year of Linux On The Desktop?
    - Melting_Harps 6y ago
      > So it's kind of like the Year of Linux On The Desktop? Sure you can look at it that way, or see how Linux dominated the Mobile and Sever space which then bypassed the need for desktops entirely, so too has Bitcoin done to finance and you can now easily plug into the Global economy with nothing more than a 10 year old smart phone. Honestly, you guys make my arguments for me so well that I think you have to be trolling (as closet Bitcoin holders) being bored at your otherwise mundane jobs. Buy the way, been there done that, it loses it's novelty fast. And you're better off learning a new skill.
rspeele 6y ago
If "another layer" means in centralized exchanges by day traders, that's probably true. If "another layer" means lightning network, I doubt it.
- rawtxapp 6y ago
  Centralized exchanges, lightning network, other blockchains (ethereum), other layer 2s on ethereum, etc. A settlement on the blockchain most likely corresponds to many other transactions elsewhere.
Hjfrf 6y ago
If you're just going to use off-chain centralised exchanges with a relational database backend anyway, what's the point of bitcoin? You could do the same with dollars.

paulgb 6y ago

I'm ignoring Layer 2 because I think it's vaporware. Every time I look for volume numbers they are negligible compared to BTC as a whole.

Melting_Harps 6y ago
It's a UX/UI issue, you as a (presumed) tech worker should know better and consider it a working beta, not vaporware. It's there, it works, but most people have not been onboarded.
- rspeele 6y ago
  So it's kind of like the Year of Linux On The Desktop?
  - Melting_Harps 6y ago
    > So it's kind of like the Year of Linux On The Desktop? Sure you can look at it that way, or see how Linux dominated the Mobile and Sever space which then bypassed the need for desktops entirely, so too has Bitcoin done to finance and you can now easily plug into the Global economy with nothing more than a 10 year old smart phone. Honestly, you guys make my arguments for me so well that I think you have to be trolling (as closet Bitcoin holders) being bored at your otherwise mundane jobs. Buy the way, been there done that, it loses it's novelty fast. And you're better off learning a new skill.

rspeele 6y ago

If "another layer" means in centralized exchanges by day traders, that's probably true. If "another layer" means lightning network, I doubt it.

rawtxapp 6y ago
Centralized exchanges, lightning network, other blockchains (ethereum), other layer 2s on ethereum, etc. A settlement on the blockchain most likely corresponds to many other transactions elsewhere.

Hjfrf 6y ago

If you're just going to use off-chain centralised exchanges with a relational database backend anyway, what's the point of bitcoin? You could do the same with dollars.