50 sats \ 4 replies \ @AJ1992 4 Apr \ on: View it in sats, not in fiat bitcoin_beginners
Going to be a long time before you won't have to worry about converting to fiat, hell, you and I will probably be dead if it even happens at all. Sorry to burst your bubble but this is one of the issues I have with most of the BTC maxi community. You just think the world should switch to Bitcoin and use it as the only universal payment method but you don't want to make it easier for the world to become involved or want to use it. You won't adapt and evolve the blockchain to bring more people in. Right now, why would anyone want to use a payment method that costs a significant and always changing amount to transact with (just talking on chain) AND takes an unknown amount of time for that transaction to complete when they can use fiat or fiat oriented online payment methods that do not have these issues in any way shape or.form?
I'll also that, I see in your bio that you're excited about the future of Lightning. I'd be interested in hearing your thoughts on that, and how it ties in to your sentiments on Bitcoin.
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Lightning is the only possibility that Bitcoin ever becomes a universally adopted payment method but it has its own issues. The main issue is when the payee's transaction is unable to find a route through the nodes/channels and it gets stuck in transition attempting to find a route. This issue is becoming less of a problem and it will continue to do so with the ever increasing amount of nodes and channels popping up. However, when you factor in the capacity of those nodes/channels (amount of sats/BTC that the route can handle a transaction through) that adds more issues because.then you're unable to transact over a certain amount. Lightning is really only feasible though for transactions that are smaller than 500,000-1,000,000 to my knowledge. There are some channels with a lot more capacity than that but a lot of them have around only that amount at least to my knowledge.
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This makes sense. Lightning is what actually got me more active in the Bitcoin community. Being able to transact has helped me understand it with more context, which I think is very important.
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I'm curious to read the replies... it's all new to me!
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