Post
Topic
Board Bitcoin Discussion
Merits 16 from 7 users
Re: Why has bitcoin adoption failed in El Salvador?
by
348Judah
on 31/08/2022, 11:10:25 UTC
⭐ Merited by The Pharmacist (4) ,Die_empty (4) ,NotATether (2) ,Cantsay (2) ,_act_ (2) ,JayJuanGee (1) ,DdmrDdmr (1)
It is about math , and the lack of btc supporters that refuse to use math.

I think you're the one not understanding the basic elementary of the mathematics involved here with bitcoin transaction, it transaction cost is customizable, do you know that? for every transaction you made you can choose the cost for that which in many cases are below $1

BTC transaction fees are too high, so no one is stupid enough to use it in everyday purchases.
LN is a failure because it charges 2 onchain transaction fees, plus it's own fees,
ensuring that direct transactions of less than 1000 transactions, it is still cheaper onchain, which is already too high.

you're wrong, lightening network provide a cheaper transaction charges and are more faster than you could thought of, remember is a transaction off the blockchain also referred to as layer 2 transaction

Only Banks can use LN affordably since they can loop thousands to millions of transactions of offchain to 2 onchain transaction fees.

you're totally getting it all wrong in misconception, how can you in the first place compare a centralized bank with a privacy conscious digital currency like bitcoin and its lightening network?

Adoption of onchain bitcoin is designed to fail

now i think I got the direct impression that you're one of the anti-bitcoiners also referred as the bitcoin antagonist and i rest my case