Early innings

Early innings
by saltwaterfarm (2021-10-16 21:27:07)

In reply to: Its unusability as a currency is my sole deterrent posted by RoccoGlobboSchoolForWomen

Remittances to El Salvador are 23% of GDP and Western Union makes 400 million in fees. Bitcoin and the lightning network are trying to change that. There are more bitcoin wallets in El Salvador than bank accounts.
Meanwhile, the value of bitcoin transactions are 3 million per ... second.

https://twitter.com/AdamMCarrigan/status/1446579935854878726

Now this may be hype and I don't know but I believe we are past the point of it being useless when somebody bought a Banksy painting at a Sotheby's auction with ethereum and there was a bond auction in Europe on the ethereum blockchain.

Replies:

Once BTC becomes ubiquitous and obvious - BADGER_BRUIN 2021-10-16 21:39:52
- Here’s where I’m still skeptical. It’s a technology… - Giggity_Giggity 2021-10-16 21:44:48
  - No question - saltwaterfarm 2021-10-16 22:06:53
    - My question: why would I hold BTC over gold? - nihilist in golf pants 2021-10-16 23:00:02
      - Biggest advantage over gold is - saltwaterfarm 2021-10-17 14:06:03
        Fixed supply is unique - actionman 2021-10-17 20:15:35
      - a brutally honest take - irishrock 2021-10-17 11:53:31
        Agreed on 5th asset class point. * - doug dascenzo 2021-10-18 16:36:19
  - I think this is a fair criticism, but at some point - DBCooper 2021-10-16 21:59:27