For those who doubt Bitcoin potential as a payment currency, try this
- Thread starter Daal
- Start date
Its both a store of value and a currency. You can always keep a small amount like 0.5% of your total BTC in a hot wallet like Wallet of Satoshi/Muun for Lightning payments/purchases. Ironically, BTC Lightning is so good that when politicians/bureaucrats that are all friendly to BTC understand what that is capable of, they are going to be pissed
We don't doubt Bitcoin potential as a payment currency.
But we cannot use Bitcoin as a payment currency !!!
If we were to buy a cup of coffee, we can't tell the difference between
0.00000000000000000000000032762 and
0.000000000000000000000000032762.
we don't have superhuman eyes.
perhaps it is for high-value items like
bungalow/mansion, castle, F35, ICBM missile, aircraft carrier, M1 tank, 747 ...
But we cannot use Bitcoin as a payment currency !!!
If we were to buy a cup of coffee, we can't tell the difference between
0.00000000000000000000000032762 and
0.000000000000000000000000032762.
we don't have superhuman eyes.
perhaps it is for high-value items like
bungalow/mansion, castle, F35, ICBM missile, aircraft carrier, M1 tank, 747 ...
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The difference is 1/10th. Easy for me to see?
No cheating!
This sounds as complicated as it could possibly be. Lol. Interac transfers in Canada are electronic e-transfers person to person, are 100% free, take a few minutes to process and every bank offers it. It's 100% secure. And the value in the wallet is not volatile as with bitcoin.
Why the need for bitcoin? I see not one single advantage of it for payment purposes. Only drawbacks.
Why the need for bitcoin? I see not one single advantage of it for payment purposes. Only drawbacks.
I kid you not, you start getting used to it even as the price pumps or crashes, lol, and certain wallets has a one finger touch conversion to $ to btc to $, like electrum on the phone wallet.
It's a crypto mindset, just like crypto time, 24/7/365 no weekends or holidays then you switch to real time, and everything moves in delays and slow motion.
0.1 is $3K, 0.01 is $300 0.003 is $100 approximately at this price (rounded so expect lower btc amount on the wallet or higher depending on which direction you're rounding up/down the $ amount) . The most number of leading 0's you're gonna have is 7, so 0.00000001 is a satoshi
3rd edit coz i saw on Twitter, lol
0.00001500 btc
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You know, there are countries beyond Canada. Try sending those funds to China or Brazil...
Also, it will be fun in 5-10 years when your beloved government currency starts charging you 3% negative rates and all of the sudden you realize the trap you were led into
Sure let's see when, if ever, this should happen.before I prefer free, secure, fast, and stable over anything that crypto could possibly offer. Please don't blame western nations for inventing smart and efficient ways to process payments just because some developing countries can't get their shit together. For larger international money transfers there is wire transfer and it takes sometimes only a few hours rarely more than a day, to process. It's secure, efficient and does not cost much. For small payments, in 45 years I have not once seen the need to have to send some pennies from Brazil to China. The majority of humans on earth right now have impressively efficient and safe and above all free domestic money transfers for small or large payments. For larger international payments there is wire transfers. I remember you said you are in Brazil. What payments do you make that can't be done efficiently with current technology outside the crypto space?