Re:Tether price manipulation
by jerry1979 on Friday January 08, 2021 @02:26PM
(#25689040)
You can start by asking people to take bitcoin for various transactions. For example, my friends and I all use it settle debts between each other.
[ Parent
| on HN ]
The barriers to entry, usage, and understanding are just too high for average Joe. That and how the value of their money fluctuates compared to fiat makes it more difficult to use as a daily currency.
Also, when things go wrong there's nobody to turn to in most cases.
> The barriers to entry, usage, and understanding are just too high for average Joe.
Mentioned in another thread[0], the Phoenix wallet more or less solves this on the Lightning Network.