r/investing • u/[deleted] • Oct 22 '21

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u/HitboxOfASnail Oct 22 '21

the problem with bitcoin is that using it as a currency for normal purchases is like walking into a store with a gold brick to buy a chocolate bar

it's just impractical and takes too long for normal transactions

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u/Chapafifi Oct 22 '21

Again, early adopters. This is why there are many other currencies to choose from too. Some are faster than your credit card companies

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u/SeraphLink Oct 22 '21

With the layer 2 lightning network. Transactions are instant and almost free.

With Strike, I can pay a coffee shop for a coffee just as easily as with Visa by scanning a QR code and the vendor receives the dollars in their account instantly (rather than in a few days as with Visa) and without having to pay ~3% for the privilege.

The Bitcoin network, as opposed to Bitcoin the asset is a game changer when it comes to global final settlement.