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A comment on In our cashless society, we need to take digital jail seriously. Parent comment

Re:In our cashless society, we need to take digital jail ser... by heavyset_go on Tuesday February 22, 2022 @10:02PM (#30437083)
A few months ago, it cost $4 in BTC transaction fees alone to buy a $2 bottle of soda. Last spring, it cost $60 in transaction fees to buy a $2 bottle of soda.
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Re:In our cashless society, we need to take digital jail ser... by ArchD on Tuesday February 22, 2022 @10:16PM (#30437167)
You did not mention the Lightning Network, where fees are negligible. You cannot seriously research on bitcoin without coming across the Lightning Network.
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Re:In our cashless society, we need to take digital jail ser... by heavyset_go on Wednesday February 23, 2022 @02:54AM (#30438744)
Off-chain solutions to the inherent inefficiencies of blockchain applications also sidestep the advantages that cryptocurrency proponents promise blockchains will bring.
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Re:In our cashless society, we need to take digital jail ser... by tenuousemphasis on Wednesday February 23, 2022 @02:20PM (#30445113)
Not really. Lightning is build on top of Bitcoin, every Lightning payment is a real Bitcoin transaction that can be settled to the network if necessary. It has all of the benefits of Bitcoin, plus higher throughput, enhanced privacy, lower fees, and faster settlement.
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Re:In our cashless society, we need to take digital jail ser... by ArchD on Wednesday February 23, 2022 @03:33AM (#30438998)
How? Is permissionlessness and decentralization inherently harmed by using the Lightning Network?
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Re:In our cashless society, we need to take digital jail ser... by EVa5I7bHFq9mnYK on Wednesday February 23, 2022 @02:33AM (#30438639)
That is no longer true. I recently topped my sim card for $3, then $1 with Bitcoin, while on vacation in Egypt. Either transaction cost me something like $0.001.
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Re:In our cashless society, we need to take digital jail ser... by eric_cc on Wednesday February 23, 2022 @12:07PM (#30443357)
Conveniently ignoring lightning payments.
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