One year on, El Salvador’s Bitcoin experiment has proven a failure

Re:One year on, El Salvador’s Bitcoin experiment has proven ... by thinkloop on Wednesday September 14, 2022 @11:44AM (#32838786)

Are you asking how do lighting STAKERS make money if lightning transactions are so cheap? Right now they don't, people are doing it to bootstrap the network. But in the future, they will be able to make it on volume. Staking is nearly costless. There were 369 billion purchase transactions for goods and services worldwide in 2018 [1]. At a penny per, that's a lot of scratch.

[1] https://www.cardrates.com/advice/number-of-credit-card-trans...

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Re:One year on, El Salvador’s Bitcoin experiment has proven ... by kranke155 on Friday September 16, 2022 @09:39AM (#32865912)

This rests on the amazing assumption that Bitcoin will replace all currency everywhere somehow.

This is why I can’t get Bitcoiners - their assumptions are always over the top “we will take 100% of gold’s value” “nations will dissolve because of Bitcoin” or something of that order.

Compare that to ETH - people will build decentralised applications and ETH will be the currency in those applications. Stakers get a fee.

Simple.

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