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> Bitcoin gives you all the internet-based benefits of PayPal (low cost) with none of its evil. I don't think calling it low cost is misleading or false adverti
by notsony 11y ago
> Bitcoin gives you all the internet-based benefits of PayPal (low cost) with none of its evil. I don't think calling it low cost is misleading or false advertising at all.
For now.
A block size stuck at 1MB as transaction volume grows will result in a fee market, eventually making Bitcoin impractical/not so competitive for daily use as P2P cash...
...resulting in transactions being pushed off-chain onto centralised and regulated payment hubs (lightning, sidechains) which will most likely turn out to be just as "evil" as PayPal.
- ikeboy 11y agoSidechains don't need to be centralised. Lightning network hubs can refuse service to you, but I don't think they can outright take your money, which makes them better than Paypal.