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Personally, I think that the growing pains are going to result in a much needed UX improvement for bitcoin, and crypto in general.

• fleddr 5y ago
  Agreed. This is a fascinating beta test for the masses. Another one around the corner is Bitcoin (and NFT) integration within Twitter.
  • kd913 5y ago
    Purely bitcoin transactions will never be for the masses. It can't even scale past what 350k per day? For that it consumes the equivalent power of Countries?
    • c54 5y ago
      Lightning network and power consumption have been discussed in countless HN threads
      • johnla 5y ago
        And coin exchanges are becoming mainstream. There are lots of transactional coins that can be converted into. Although there are still some usability hurdles, it's getting better all the time.
      • StillWaiting 5y ago
        What this thread really needs is a hot take like calling Bitcoin a pyramid scheme
    • Centmo 5y ago
      These transactions are not occurring on the bitcoin network - they are occurring on the lightning network which is a second layer on top of the base bitcoin layer. Transactions here are virtually free and use virtually no energy. This is how bitcoin scales for many small transactions.
      • kd913 5y ago
        Transactions on the lightning network have difficulty scaling because each node needs to what compute the entire graph/nodes and setup channels? A problem which scales even worse the more nodes in play. https://www.reddit.com/r/Bitcoincash/comments/8n9xbp/why_the_lightning_network_doesnt_scale/ https://www.reddit.com/r/Bitcoincash/comments/8n9xbp/why_the...
        • panarky 5y ago
          The lightning node running on my Raspberry Pi doesn't have any trouble finding routes so it can't be too compute-intensive. Most transactions settle in two seconds or less for a fraction of a cent in fees.
        • stimpson_j_cat 5y ago
          The only knowledge you have of the lightning network is a YouTube video from 3 years ago posted on a subreddit with a financial interest in badmouthing BTC?
          • NicoJuicy 5y ago
            So, what is not correct in the video?
            • 0x000000001 5y ago
              Pretty much all of it
              • NicoJuicy 5y ago
                Specify
                • deleted 5y ago
                  [deleted]
                • stimpson_j_cat 5y ago