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Last time I checked, in El Salvador you could buy beer from a machine with a cell phone using Bitcoin.
by aaa_aaa 5y ago
Last time I checked, in El Salvador you could buy beer from a machine with a cell phone using Bitcoin.
- nextaccountic 5y agoPeople aren't actually making transactions within the Bitcoin chain there. It wouldn't work out, the on-chain fees are outrageous.
- uniqueuid 5y agoBurning the planet is the primary effect. The beer is a side effect :)
- babelchips 5y agoUnder 10 transactions per second globally is why Bitcoin isn’t used in retail. Micropayments and nanopayments require thousands and tens of thousands TPS. There are newer generations of crypto that can do that and with none of the energy consumption problems of Bitcoin and other Proof of Work systems.
- ulzeraj 5y agoSphinx chat payments work exclusively on Lightning and so is the El Salvador Chico wallet. Why do people keep using the same uninformed arguments every time bitcoin is mentioned?
- Robotbeat 5y agoSounds like recentralization to me. IMHO, if we’re gonna do cryptocurrency, we should try to make as many transactions as possible on layer 1.
- ulzeraj 5y agoYou can run Sphinx on your own hardware. You can pay bills on El Salvador with any LN wallet connected to any node.
- Geee 5y agoI think summm's comment was mocking anti-bitcoiners, but some people probably took it seriously.
- deleted 5y ago[deleted]
- gitfan86 5y agoThat is just a PR stunt, just like the Bitcoin city that "is going to be built"
- PeterisP 5y agoNo, you in El Salvador you can buy beer from a machine with a cell phone using Chivo, which is a local payment scheme with a centralized ledger that's just denominated in BTC. You can send money to/from Chivo using Bitcoin; but the settlement of that beer purchase would not involve Bitcoin network at all.