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382 sats \ 4 replies \ @2bithits 18 Jul 2023 \ on: What is your main reason for not paying with bitcoin? bitcoin

I spend on occassion, but the main reasons i dont are:

  • I don't have enough bitcoin for my whole family.
  • Its not accepted.
  • It is not ready to be spent as a medium of exchange (getting close though, I give it another 5 years).
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103 sats \ 3 replies \ @hynek OP 18 Jul 2023

I don't have enough bitcoin for my whole family.

  • You can buy more bitcoin

Its not accepted.

  • Fair point.

It is not ready to be spent as a medium of exchange (getting close though, I give it another 5 years).

  • What is the issue?
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21 sats \ 2 replies \ @2bithits 19 Jul 2023

The issue is that I don't think lightning is ready. Custodial LN like wallet of satoshi is an amazing experience, but its still fundamentally not your bitcoin. Phoenix is good but expensive 0.4%. OBW is great, but has pretty much been abandoned. Blixt... Getting better.

These things take time. They will get better over time with other scaling solutions & improvements to LN

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21 sats \ 1 reply \ @hynek OP 19 Jul 2023

Absence of good tech solution sounds good to me. I hope that Ark could bring some more accessible non-custodial solutions.

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0 sats \ 0 replies \ @2bithits 19 Jul 2023

Yes

I mean if we really imagine the future of Bitcoin as a MoE it needs tohave the feel of wallet of satoshi/cashu, but be in your custody & free or almost free to send

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