3 ms·
So the defense to crypto being expensive to transact in is to...use another network on top of the crypto instead of the crypto I actually want to use. THIS IS
by gamblor956 4y ago
So the defense to crypto being expensive to transact in is to...use another network on top of the crypto instead of the crypto I actually want to use.
THIS IS WHY CRYPTO DID NOT TAKE OFF. It's too complicated and expensive to use for all of the supposed use case; it's objectively worse than comparable fiat options.
- iskander 4y agoI send USDC on eth pretty frequently and for larger amounts find it more convenient than Venmo or Zelle. For smaller amounts it would only make sense if other people are already using L2s, which might happen through website integrations (or not).
- llanowarelves 4y agoI agree with you that it should be solved at the protocol-level, as the BTC whitepaper describes, "for coffee" etc. There are plenty of cryptos with focus on scaling and cheap on-chain transactions, like E-cash.