Bitcoin is supposed to be an upgrade from the current banking system. Bringing censorship resistant banking and wealth storage to those who are unbanked, stuck in hyperinflation or politically unpopular. If we are paying $50 to move a utxo, how is that barrier better than just going with visa? it renders the ability to use the network, unworkable.
If saylor is correct, and Bitcoin is going up forever, what is the real cost there? in some cases, the current fees are more than the utxo's are worth.
As far as "spammers" go, if they are clogging the network that is meant to withstand governmental attacks, but can effectively make the system unusable by the average person with monkey pics, then who are we kidding? An engineered currency that can't be used as currency, doesn't sound like a bright new future.
Maybe have an intelligent conversation about the issue instead of telling people to fuck off?
GrumpyG / GrumpyGardener
npub159w…csm3
2024-04-23 19:16:29
in reply to nevent1q…c7qk
Author Public Key
npub159wczz79n0x95p4vq5rggdkhz36u3852n8xfwv3u4ehdylrnr97qnpcsm3Published at
2024-04-23 19:16:29Event JSON
{
"id": "09ec121d30ee7135a0e06a6bd2df1ad0890da3fd42b539c4fdb5b8093ac85324",
"pubkey": "a15d810bc59bcc5a06ac05068436d71475c89e8a99cc97323cae6ed27c73197c",
"created_at": 1713892589,
"kind": 1,
"tags": [
[
"p",
"fea186c2a4678dbc437704eed2160846e8a781e5fb17056e9bb333840d5bdef2"
],
[
"e",
"29dbe0780eeaf1be3548316e78be1caf4727191807e21ff2fe4ea9d4bc9b9867",
"wss://relay.wellorder.net",
"root"
]
],
"content": "Bitcoin is supposed to be an upgrade from the current banking system. Bringing censorship resistant banking and wealth storage to those who are unbanked, stuck in hyperinflation or politically unpopular. If we are paying $50 to move a utxo, how is that barrier better than just going with visa? it renders the ability to use the network, unworkable. \n\nIf saylor is correct, and Bitcoin is going up forever, what is the real cost there? in some cases, the current fees are more than the utxo's are worth.\n\nAs far as \"spammers\" go, if they are clogging the network that is meant to withstand governmental attacks, but can effectively make the system unusable by the average person with monkey pics, then who are we kidding? An engineered currency that can't be used as currency, doesn't sound like a bright new future.\n\nMaybe have an intelligent conversation about the issue instead of telling people to fuck off?",
"sig": "a7bb3280fd9d9cc08f0eedbd126ef948d9b06a58fa21b68cc2ca8769f8242d061cac81b98d9446015d618a06fc6b69a7867851404bc35a558b343c2287a3ed19"
}