dfish
Joined 4 years ago
Joined 4 years ago
There is something called lightning, which is p2p payments through bitcoin!
> Furthermore, a currency needs a government (or similar kind of body) to manage its stability, by printing (and buying) money. Otherwise, we'll see wide fluctuations in value like what happens with Bitcoin.
call the economists! a currency needs a government! But only from 1971 onwards, before that people didn't have currencies! Oh, you don't want to use the US dollar? the best currency ever!? I guess we'll have to bomb your country and neighboring ones to change your mind.
> to manage its stability
aka lose 2-4% of purchasing power per year. Thank you central bank! you saved us!
> Otherwise, we'll see wide fluctuations in value like what happens with Bitcoin
Oh no! The horror! A currency that can also go up!!! I guess we need a central bank for oil! to keep the price of oil stable! And food too!
please stop using the internet! it might be slow and expensive to run! it requires insanely big cell towers and submarine cables! it won't scale!!11!! kind of guy
The merchant can also pick to use Lightning and keep the Bitcoin instead of selling it for fiat.
You can't censor Bitcoin.
The merchant requests 100 USD. The user pays X BTC equivalent to 100 USD. The merchant receives 99 USD aka the fee is 1 USD
NO. You will ONLY have to rotate your IP if you join a network in which there is a collision. 1 in 4 million chance. If that happens, it's ok. Ideally you are using magicDNS and don't have to worry about IPs or just use the IPv6.