It kinda sucks in its current state, but theoretically it has a lot of promise as a cheap and open source alternative to PayPal and a lot of banks’ services
At this rate, I don’t know if that’s ever going to come about.. looks like it’s just gotten bogged down in ways to increase its value at the cost of its utility..
When eth was dirt cheap, you could send $5,000 overseas in 10 minutes for $2, with just a half percent of slippage on the trades to and from fiat currency and ~1% price movement up or down
Yeah, theoretically it just used $2 worth of electricity somewhere in the world, but I’m pretty sure PayPal is going to do something nefarious with the $100+ you’d have to give them for the same service
What’s important is they’re not engaging in fear, uncertainty, or doubt. I’m not going to accuse bananas of being unsuitable for vegetarians just because they’re shaped like sausages.
As there are different ways to use a thing, and everything I’ve seen of Lightning (network not cable) is using the Blockchain in roughly the same sense as a USD denominated bank that happens to not ban accounts from trading Bitcoin uses the Blockchain — i.e. it does, but it’s very much also pretending — this seems reasonable, if not literal.
As of today this is my belief too. It’s reached billions of $ of values,I can’t think of a place to use it and all (absolutely all) the persons I know who owns some look at it as an investment not as a currency
At this rate, I don’t know if that’s ever going to come about.. looks like it’s just gotten bogged down in ways to increase its value at the cost of its utility..