alyaza [they/she]@beehaw.orgM to Technology@beehaw.orgEnglish · 1 year ago95% of NFTs are Worthless: Reportpetapixel.comexternal-linkmessage-square117fedilinkarrow-up1284arrow-down10
arrow-up1284arrow-down1external-link95% of NFTs are Worthless: Reportpetapixel.comalyaza [they/she]@beehaw.orgM to Technology@beehaw.orgEnglish · 1 year agomessage-square117fedilink
minus-squareBig P@feddit.uklinkfedilinkEnglisharrow-up6·1 year agoBitcoin is never going to be wisely used for it’s intended purpose. It’s been too sold as as investment that you buy and sell rather than a currency.
minus-squarejarfil@beehaw.orglinkfedilinkarrow-up2·edit-21 year agoBitcoin had a huge congestion problem in 2021, it’s been mostly solved now with major exchanges accepting Lightning Network. For comparison: Bitcoin LN: $0.0001 fee, minimum $0.0003, arrives in under a second to a minute Bitcoin normal: around $1 fee, minimum around $0.04, arrives in 1 or 2 hours SEPA: 0€ fee, minimum 0.01€, takes between 10 seconds and 2 days SWIFT: charges up to $20-30 and 2-5% for currency exchanges, takes 1 to 5 days In 2023, Bitcoin with LN support is comparable to EU transfers, way better than international transfers, and better for microtransanctions. Its investment value has been overhyped, it’s too volatile for long term value storage, but that’s irrelevant for instant value transfers.
minus-squarefiah@discuss.tchncs.delinkfedilinkarrow-up2·1 year agoI’m not arguing that, it’s definitely very debatable if it’s ever going to have some practical use outside of its current speculative one. That doesn’t make it a scam tho
Bitcoin is never going to be wisely used for it’s intended purpose. It’s been too sold as as investment that you buy and sell rather than a currency.
Bitcoin had a huge congestion problem in 2021, it’s been mostly solved now with major exchanges accepting Lightning Network.
For comparison:
In 2023, Bitcoin with LN support is comparable to EU transfers, way better than international transfers, and better for microtransanctions.
Its investment value has been overhyped, it’s too volatile for long term value storage, but that’s irrelevant for instant value transfers.
I’m not arguing that, it’s definitely very debatable if it’s ever going to have some practical use outside of its current speculative one. That doesn’t make it a scam tho