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How do you withdraw Bitcoin for something you can actually use? A fund means a sum of money. Bitcoin isn’t money in the normal sense. It never got to that point
by skinnymuch 4y ago
How do you withdraw Bitcoin for something you can actually use? A fund means a sum of money. Bitcoin isn’t money in the normal sense. It never got to that point.
If everyone kept their own wallets, bitcoins value would tank to pre-2017 numbers.
- plebianRube 4y agoI don't. I pay the counterparty directly with lightning for under 200 fiat equivalent, or on chain for larger purchases. The point is, I never need to buy fiat (what you call withdrawing)
- HWR_14 4y agoIs "under 200 fiat" the same as "under $200 transaction fee" in USD? And where are you that most counterparties accept BTC? El Salvador?
- inkcapmushroom 4y agoNot the parent, but I think they meant "for purchases under $200 in value I use the lightning network, for larger transactions I do a direct transaction". The $200 was not talking about transaction fees AFAIK.
- HWR_14 4y agoDoesn't using the lightning network necessitate moving the BTC to it?
- YetAnotherNick 4y agoEither you are living in a completely different world or exaggerating the number of transactions by a lot. I do dozens of transaction per day from grocery to digital items to service to bill payment to repair and so much more. I am pretty sure almost no one in that group accepts crypto.