126 sats \ 2 replies \ @prashanthc OP 23 Feb \ parent \ on: Lightning to bank in 1 minute - Why and what does it mean to the community? lightning
Being able to liquidate Bitcoin anytime would allow you to buy more Bitcoin with confidence.
I used to get paid in Bitcoin. A part of my salary was in Bitcoin. All my savings except the amount I needed to live for that month was in Bitcoin.
Whenever I planned to travel, I had to tap into my BTC savings to book flight tickets and hotels. But the solution out there was so stressful that it took up to 4 days to get Euro to my bank account, and I was not even sure if it was safe to receive funds,
I spent most of my Euro salary and had to borrow Euro from a friend till the end of the month as the BTC, which I held, almost felt non-usable.
This put much pressure on me to get paid only in Euro.
Many beta users live on BTC and would not want to hold fiat at any point in time. Living on Bitcoin standards.
Many get paid in BTC as consultants for companies in other countries and would need to liquidate some of it to live.
I moved to Estonia from India in 2021 with only Bitcoin. It was easy not having to deal with the hassles of compliance with converting and transferring INR to Euro!
Don't know back in your days, but aren't there like a few websites one can use to book tickets using Bitcoin these days? I've seen @JoeNakamoto use them.
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I understand your frustration of not being able to use your BTC.
But is not hilarious to build tools to go back to fiat, when we were struggling to get rid of fiat ?
Satoshi gave us a wonderful and powerful tool and yet, people want to go back to use fiat.
FUCKING UNBELIEVABLE how this world is upside down!
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