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Yikes. There's a lot to unpack here. > Does 100% living off of crypto count as 'actual' to you? Plenty of people in that boat. Who? Lol. The overwhelming majo
by dimgl 5y ago
Yikes. There's a lot to unpack here.
> Does 100% living off of crypto count as 'actual' to you? Plenty of people in that boat.
Who? Lol. The overwhelming majority of people do not "live off of crypto".
> The fact that someone doesn't want to pay an extra $3 and wait 15 minutes to buy a coke is really a poor basis for reasoning.
No it isn't. If I go to CVS to buy a Coke I don't want to be there for fifteen minutes. I want to be there for a few seconds at most.
> Is TSLA also not "actually" valuable? You have to sell it for it to do anything too.
Yeah but it's unlikely people are _living off of it_ or trying to convince other people that if they get in, then they too can live off of it.
> From before the Bitcoin whitepaper, the goal has been to decouple value from arbitrary, inflationary, corporate and state-imposed forces. It was referred to as egold not ePayPal.
Yes, we know why Bitcoin exists. We also know why _it doesn't work_. The power of the State dictates the power of the currency.
- jrsj 5y agoWithin the next year you will literally be able to go to CVS and buy whatever you want via Lightning Network and it’ll be nearly instant. An actual completed transaction too, not something that doesn’t settle until later.
- dimgl 5y agoI just don't care that much really. The current systems work fine IMO.
- jrsj 5y agoThey work fine but they’re relatively expensive. 3% of the total cost of a transaction can be a double digit percentage of the profit margin of a sale. Then there’s the risk of chargebacks etc adding more cost on top of that.
- aaaaaaaaata 5y agoI'm sure tons of fallible things work in your experience.
- DebtDeflation 5y ago>If I go to CVS to buy a Coke I don't want to be there for fifteen minutes. Nor do you want to pay a transaction fee that is twice the value of the item you are purchasing.