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have you heard of lightning network?
lightning is a reimplementation of a part of visa, caching for response time and still recording on a blockchain, no? reminds me of https://en.wikipedia.org/wiki/Greenspun%27s_tenth_rule
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have you heard of lightning network?
lightning is a reimplementation of a part of visa, caching for response time and still recording on a blockchain, no? reminds me of https://en.wikipedia.org/wiki/Greenspun%27s_tenth_rule
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Where do you actually use lightning? Does it work for you most of the time?
Well I've actually paid for street food using lightning, and also use it regularly it to send money to my family using Strike. It's instant and practically free.
https://www.frbservices.org/financial-services/fednow/about....
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https://jochen-hoenicke.de/queue/#BTC,24h,weight Where did you get this number? Transactions for as low as 1 satoshi per vbyte have been included for a while, with the average around 10 sats/vbyte. That’s like 3 cents for one transaction.
3 cents sounds like a good deal. But how do we buy a piece of bread with bitcoin at grocery store?
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https://jochen-hoenicke.de/queue/#BTC,24h,weight Where did you get this number? Transactions for as low as 1 satoshi per vbyte have been included for a while, with the average around 10 sats/vbyte. That’s like 3 cents for one transaction.
3 cents sounds like a good deal. But how do we buy a piece of bread with bitcoin at grocery store?
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Sure, if you never need to dispute a charge, are fine with the volatility, and have an internet connection wherever you need to pay.
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Sure, if you never need to dispute a charge, are fine with the volatility, and have an internet connection wherever you need to pay.
I’m not sure what you would need to dispute. Bitcoin, when used properly can’t be “stolen”. Compare that with Visa where every single merchant you come into contact with can steal your card, and charge arbitrary amounts to it by design. As someone who has had to go through a few disputes in recent history, depending on the bank, they treat you like a criminal and need to go though an elaborate process to dispute. And…
What now? With credit cards, you can dispute the charge and get your money back. With bitcoin, it's gone forever.
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Well I've actually paid for street food using lightning, and also use it regularly it to send money to my family using Strike. It's instant and practically free.
So FedNow instant payments? If one has to choose between central finance with regulations, protections, and recourse and cryptofolks running DeFI with zero recourse, which is a financial participant more likely to choose? https://www.frbservices.org/financial-services/fednow/about....