During the time I've been going down the rabbit hole, I've learned about how in the blockchain trilemma, Bitcoin has always had its main Achilles heel in scalability.
It was because of this that some disagreements arose between nodes, as transactions were becoming slower and more expensive. It was even the cause of the emergence of other cryptocurrencies and because of that many began to use those others.
But with the emergence of the Lightning Network, that issue of scalability is resolved, although the other two aspects of the trilemma are compromised, especially the security aspect. But if in any case the issue of scalability is resolved, and the other options are insecure and more centralized than the Lightning Network:
WHY USE ANOTHER CRYPTOCURRENCY IF WE ALREADY HAVE BITCOIN WITH A SCALABLE SOLUTION?
105 sats \ 2 replies \ @k00b 13h
I wouldn't encourage anyone to use anything other than bitcoin, but the lightning network is a work in progress and using/building on it requires a lower time preference than most people, even bitcoiners that know better, are capable of.
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Why not just use Bitcoin?
I don't know what experience you have with using fiat or other currencies other than Bitcoin. For me, they have not been good experiences. I don't know how much your fiat currency has devalued? The one they give me has devalued to the point that the average salary of workers here is only enough to buy 30 chicken eggs and 1 kg of sugar. Those with minimum wage can't buy more than 15 eggs.
I only see the other cryptocurrencies chasing Bitcoin from afar, so I don't know what the advantage is of having something other than Bitcoin.
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Very well said @k00b!
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37 sats \ 0 replies \ @Noobboy 13h
Idk, I am noob and still have this clear mindset that Bitcoin is the only thing that we all should have. I just don't know or understand why people purchase other scam crypto currencies.
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1 sat \ 0 replies \ @DJGuy 12h
Because there will always be idiots looking for "the next Bitcoin", and charlatans looking to steal their Bitcoin.
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0 sats \ 0 replies \ @anon 12h
Ecash solves most of the blockchain problems but currenly suffers also from the trust problem like other tokens.
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