Re:Ask HN: How do you use Bitcoin
by tsujp on Wednesday January 06, 2021 @05:23AM
(#25656372)
Speculation. Service provision, infrastructure provision (hosted nodes).
It's not very good for payments (that are small and/or frequent -- and no Lightning is bad too (state channels are capital-inefficient)) despite what zealots would have you believe and it's not very well decentralised on a geopolitical level either.
Bitcoin is a good introductory MVP example of what a blockchain is and it's greatest contribution is Nakamoto Consensus.
It's not very good for payments (that are small and/or frequent -- and no Lightning is bad too (state channels are capital-inefficient)) despite what zealots would have you believe and it's not very well decentralised on a geopolitical level either.
Bitcoin is a good introductory MVP example of what a blockchain is and it's greatest contribution is Nakamoto Consensus.