Bitcoin surpasses $50K as major companies jump into crypto

Re:Bitcoin surpasses $50K as major companies jump into crypto by sphix0r on Tuesday February 16, 2021 @08:42AM (#26153759)

Yeah, that's what bitcoin should have been. Too bad it also consumes an insane amount of energy and isn't able to process a lot of transactions per second. Hope that a good cryptocurrency gets more traction and will be the next decentralized "paypal / digital currency".

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Re:Bitcoin surpasses $50K as major companies jump into crypto by vbezhenar on Tuesday February 16, 2021 @06:54PM (#26160519)

What about Lightning network? AFAIK it works right now, it's instant and scalable.

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Re:Bitcoin surpasses $50K as major companies jump into crypto by lawn on Tuesday February 16, 2021 @10:37PM (#26162347)

You still need one slow and/or expensive Bitcoin transaction to start using it, while having enough funds for a justice transaction. You can't use it trustlessly on your phone and it's also not scalable (no decentralized route finding that scales exists and is an intractable problem).

Just use another crypto if you want to pay for things. 0-conf are just as instant as credit card payments are.

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Re:Bitcoin surpasses $50K as major companies jump into crypto by teachrdan on Tuesday February 16, 2021 @07:03PM (#26160635)

Doesn't relying on the Lightning network compromise Bitcoin's promise of no-trust finance?

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Re:Bitcoin surpasses $50K as major companies jump into crypto by rawtxapp on Tuesday February 16, 2021 @07:15PM (#26160767)

Nope, you're still benefiting from the base layer's security while being able to transact much faster and cheaper on layer 2.

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