10 sats \ 2 replies \ @faithandcredit 12 Feb 2023 \ on: Daily discussion thread
At the end of the day going digital is about saving money and being more effecient. how does bitcoin help in this regard?
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0 sats \ 1 reply \ @nullama 13 Feb 2023
Less fees transferring money, less fees by paying for goods and services, less people needed to support the infrastructure (compared to banks, etc).
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167 sats \ 0 replies \ @faithandcredit 13 Feb 2023
Low fees is only true if noone is using it due to the scarcity of blockspace there are many people employed and involved in order for bitcoin to work from the wallets to the nodes to miners and so on, and most of it is not financially viable. They are paying out of own pocket etc. to keep it going.
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