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42 sats \ 2 replies \ @BallLightning 7h \ on: Can Bitcoin succeed without widespread adoption? bitcoin
Bitcoin is very hard to use by most people. People aggressively argue with me about this, but try sending someone new 1 sat to demonstrate the technology? No you can't. (I've literally been accused of "missing the plot" (what plot, bro?) by pointing out that very small transactions on lightning may be extremely uneconomical due to base fees on routing nodes). The whole lightning "you need money to receive money, but don't worry, it's only at the start" betrays the great ignorance on the bitcoiners part.
Also people like DarthCoin love to insult people for being stupid and that he doesn't need them, but if you want widely accepted money you will need not only people you think are stupid, but actually stupid people to use it. Furthermore you need to accept that your actual enemies and people who you hate or they hate you should also be able to use it.
On the technical side I don't see a scalable solution that will scale for all the people on earth. But for this part I am hopeful that it is solved (once upon a time I didn't expect something like lightning either).
Do you see any merit in projects such as this one for very small Bitcoin transactions?
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Actually I do see merit in ecash. I liked the idea of the mutiny wallet before it was discontinued (it uses fedimint, which is different from cashu, but the same idea basically). Note that if you want to cross the mint boundaries, you are still subjected to the lightning fees, and if you have base fees in your route, the problem is the same.
But the real advantage of ecash is that it works around the problem "you need to have money to receive money", which is very good. Unfortunately it comes at the expense of custody of your bitcoin. That said if you have only a small quantity in ecash, this, I think, is a completely acceptable tradeoff. Something like continuing the idea of the mutiny wallet, but where the wallet automatically allocates your funds to ecash, lightning or onchain depending on the amounts might just work for regular people. I hope developers will try to do it.
Sidenote: I remember when everybody was hating muun wallet because of the way it worked. Well, it did allow you to receive few sats just after you downloaded it and no amount of screaming that it's not a real.lightning wallet and that it is not scalable prevented people from using it. Well, instead of screaming, first acknowledge the problem and think about fixing or at leas working around it, instead of insulting users.
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