News for hackers. Stuff that matters.
Re:In Defense of Bitcoin Maximalism by bluepnume on Friday April 01, 2022 @12:37PM (#30880160)
That which can be asserted without evidence, can be dismissed without evidence.
Re:In Defense of Bitcoin Maximalism by not_kurt_godel on Friday April 01, 2022 @02:26PM (#30881631)
What is the max number of transactions per second that Bitcoin can support?
Re:In Defense of Bitcoin Maximalism by randomhodler84 on Friday April 01, 2022 @06:05PM (#30883803)
Lightning scales infinitely.

There are people using Bitcoin as a currency, via lightning, right now. More join all the time. The network expands.

It is a currency, is used as a currency, as sats. It is also a long term store of value as Bitcoin. You can ignore reality as much as your like, but the world has moved on from your 2017 era complaints.

Re:In Defense of Bitcoin Maximalism by not_kurt_godel on Friday April 01, 2022 @09:24PM (#30885058)
Ah yes, Lightning, the system where you have to establish an escrow fund between you and anyone you wish to pay. Sounds wildly practical.
Re:In Defense of Bitcoin Maximalism by randomhodler84 on Friday April 01, 2022 @10:25PM (#30885367)
that’s not how it works. You establish a channel with a network peer, spend some to add incoming liquidity to your channel, and reach the rest of the network. Send and receive payments. Yes the limitation is the liquidity and balance in your channels, but as far as routing goes we are all only a few hops away for each other.

It is wildly practical today, and there are several good custodial solutions if you do not wish to run a node yourself. Please give it a try!

Re:In Defense of Bitcoin Maximalism by not_kurt_godel on Saturday April 02, 2022 @01:04AM (#30885962)
A currency that requires you to run and a node and does not allow you to perform a transaction unless you have staked more currency than you are currently spending is not viable.
Re:In Defense of Bitcoin Maximalism by kragen on Friday April 01, 2022 @05:36PM (#30883559)
Especially when it's an assertion about the definition of a word.