Re:Show HN: Create a Paid Link to Anything
by wpietri on Tuesday December 20, 2022 @12:53PM
(#34069524)
I don't think I said it was the main issue. I agree that it had other problems too, including the ones you name.
But I think you're missing my point. The anonymous, one-shot nature of things made it most appealing to only one set of merchants and one set of customers: people doing crime, and who were therefore most tolerant of the risks.
The onboarding problem is also partly a consequence of this. Because a bitcoin transaction is irreversible, and exchange can't just take a credit card payment and give you bitcoin.
The bigger issues with BTC is the onboarding problem, limited capacity and rapidly fluctuating exchange rate.