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submitted 1 year ago by sv1sjp@lemmy.world to c/europe@feddit.de
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[-] makeasnek@lemmy.ml -3 points 1 year ago* (last edited 1 year ago)

Man these bankers can't even keep up. Bitcoin has been doing this for 15 years across all borders and the recent lightning upgrade makes it even better. It's accessible to anybody with a cell phone in every country regardless of their credit history, the stability of their banking system, or the reliability of their national currency. And no government or politician can increase the supply thereby decreasing the portion of it you own. It does this 24/7 365 with zero downtime, no bank holidays, and for .1% of global electricity usage. Less than remittance services alone like Western Union use and mostly from renewables. It is the first truly international currency.

You can send a million dollars for less than 50c in fees on the main chain or <1c in fees on lightning. Lightning transactions confirm in microseconds, main chain transactions confirm in seconds to minutes depending on block timing and how much security you want to guarantee.

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this post was submitted on 09 Nov 2023
234 points (98.8% liked)

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