Post
Topic
Board Bitcoin Discussion
Re: Please stop blaming "the government" for lack of Bitcoin mass payment adoption
by
NeuroticFish
on 24/02/2024, 19:34:25 UTC

While you are missing the fact that fiat money means central bank IOUs, usually endorsed by governments, hence they will prefer that (for inflation, for example) so no conspiracy needed, you have a valid point on slow confirmation and high costs (although I think that you've exaggerated "a bit" the fee, these days 2$ was enough, but I know the fees were much higher + some do overpay greatly).

Indeed, Bitcoin is not suitable yet for paying on chain at the grocery store of for coffee. On LN that goes well, but LN (or alternatives, who knows) need to make a leap out of their infancy yet.


Sadly, I fear that at the point we can pay for everything with Bitcoin, we will only get to own some satoshis, because others who don't care about current small problem, will hoard it and will use it as reserve currency.
What I mean is that you're right, but you should consider getting over this and still support bitcoin and stack sats.