> and I'm pretty confident being a locally popular trading commodity amongst edg... | Hacker News

Hacker News new | past | comments | ask | show | jobs | submit

login

danuker on Jan 20, 2022 | parent | context | favorite | on: Crypto.com accounts had unauthorized withdrawals

> and I'm pretty confident being a locally popular trading commodity amongst edge communities is not the central goal for bitcoin

Given the transaction fees needed for a distributed-enough network, and the bureaucracy needed when trading, it is not very useful as a currency, at least not for small payments, excluding Lightning.

So it's a commodity.

thebean11 on Jan 20, 2022 [–]

Excluding lightning and layer 2 solutions like rollups. Why would you make those exclusions though?

danuker on Jan 22, 2022 | [–]

The reason is they are not yet accepted in many places, though in fairness, they seem to grow a lot.

Join us for AI Startup School this June 16-17 in San Francisco!
Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact