this post was submitted on 27 Jul 2025
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The main reason I don't care for bitcoin is I have to count a bunch zeros after the decimal point, before reaching a useful number. $1 = 0.000006128921 btc? Really? Screw those zeroes. Bitcoin is inefficient in so many ways.
If you're paying for small good (25-50$) you usually pay in "Satoshis" 0.00000001 BTC. If you convert it to dollars, 10 satoshis is 1 cent.
And twenty bucks to the Chinese miners as a “transaction free”.
Lightning network, taproot, all that shit, just paper over the fact that Bitcoin cannot, by design, handle enough transaction volume to become a general purpose currency without reinventing a lot of mostly centralized payment infrastructure.
Lightning is generally pretty stupid
It's a catch 22 solution. It only allows bitcoin to scale if hardly anyone settles back on the bitcoin network.
You can commit money to a payment channel with a third party to create a private ledger so the third party can perform payments in your name to someone in using their shared channel on their private ledger.
Motherfucker, that’s just a bank and two bank accounts with extra steps.