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0 sats \ 1 reply \ @AJ1992 14 Apr 2023 \ on: Becoming a Cypherpunk. bitcoin
It is an amazing technology. But the refusal by those that develop bitcoin's Blockchain to adapt and evolve and catch up with the other cryptocurrencies with faster and more efficient Blockchains puts it in jeopardy of becoming obsolete. The common folk will not pay a fee or wait in some instances an hour for their transactions to be confirmed. People are naturally greedy. They also do not care about anonymity or their data/funds being at risk of being hacked/stolen. Why would these individuals pay any fee to pay someone when they can use other cryptocurrencies or fiat and pay that person for absolutely no charge at all. They won't. The fee variance on the BTC Blockchain is also a huge turnoff as well and it contributes to the chance your tx may actually never be included in a Block! Too many issues that other cryptocurrencies and non crypto payment methods aren't plagued by.
I wish lightning would just replace on chain tx's entirely..
Well, I 100% respect your opinion. But, there is so much more to Bitcoin than just the fee. If you truly understand and believe in the philosophy of Bitcoin, you won't be talking about tx fee, because it's one of the least of all things about bitcoin.
If I may guess, you sounded like someone with a lot of financial privileges or one of those altcoiners. Maybe Bitcoin is not for you. I suggest you go on adventure to Africa, Nigeria to be precise. When you do, you'll never want to talk about tx fee anymore.
I adopted Bitcoin simply because it's the hope that we have to change the course of history for good. Bitcoin is for survivors. People who understand reasons for the existence of Bitcoin don't talk about tx fee or anonymity. (In bitcoin, privacy is not secrecy).
And, if not for the "greedy people", bitcoin would have been a lost case by now.
I don't think Bitcoin is in "jeopardy of becoming obsolete." Simply put, Bitcoin is not crypto!
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