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They're literally using Lightning for payments right now in El Salvador. They didn't do this without having local projects already. Bitcoin Beach (https://twitt
by TimJRobinson 5y ago
They're literally using Lightning for payments right now in El Salvador. They didn't do this without having local projects already. Bitcoin Beach (https://twitter.com/Bitcoinbeach https://twitter.com/Bitcoinbeach) made a lot of this happen.
- FreeTrade 5y agoThe cost and complexity of opening channels for users is prohibitive. Any widely adopted solutions will therefore be custodial. Might as well use PayPal.
- rawtxapp 5y agoThere are easy to use non-custodial wallets (try Phoenix wallet).
- FreeTrade 5y agoSure, I just installed it and its saying some impenetrable stuff about a swap address that is not controlled by my wallet and deposits will be converted to Lightning channels. It's prohibitively complex.
- overtonwhy 5y ago"Might as well use PayPal." for me that applies to 99% of crypto currency projects!
- Empact 5y agoThere's a big difference between a solution which requires you to use a custodial service, and one which gives you the option of non-custodial service - the latter allows for a much greater ability to hold custodial services accountable, by opting to self-custody, without forcing you to change your payment medium in the process.
- UncleMeat 5y agoBitcoin beach is run by a few college students. Not exactly something to depend on.
- yuvadam 5y agoFunny saying that on HN.
- UncleMeat 5y agoI don't think it is. Startups fail at tremendous rates and are well known for playing it really fast and loose, even if some of them are wildly successful. Not exactly something I'm interested in relying on for finances until there is a much longer track record.
- minsc__and__boo 5y agoYep, it's survivor bias.