The: Daniel ⚡️ on Nostr: A hilarious normie moment on LinkedIn this weekend: The Wall Street Journal posted an ...
A hilarious normie moment on LinkedIn this weekend:
The Wall Street Journal posted an article about the bitcoin ETF approvals. Of course, it was paywalled and requires a $10 weekly subscription to read it.
I commented:
It would be great to be able to pay for the content of this single article using bitcoin, as opposed to a subscription.
And (I shit you not) someone with a PhD in computer science (according to their bio) replied:
Why? What would make it great?
Waiting several hours to see if the transaction goes through?
Complex management of your bitcoin address?
I think you're confusing 'bitcoin' with 'micro-transactions'. And if there is one thing bitcoin is totally unsuited for, it's micro-transactions. Only 8 transactions per second, shared between the whole planet. Nobody wants to wait hours or days or weeks to find out if a micro-transaction payment cleared on-chain and they can finally view the article.
My response:
Have you not heard of the Lightning Network? It's not 2015 anymore.
Just unbelievable. 🤣
The Wall Street Journal posted an article about the bitcoin ETF approvals. Of course, it was paywalled and requires a $10 weekly subscription to read it.
I commented:
It would be great to be able to pay for the content of this single article using bitcoin, as opposed to a subscription.
And (I shit you not) someone with a PhD in computer science (according to their bio) replied:
Why? What would make it great?
Waiting several hours to see if the transaction goes through?
Complex management of your bitcoin address?
I think you're confusing 'bitcoin' with 'micro-transactions'. And if there is one thing bitcoin is totally unsuited for, it's micro-transactions. Only 8 transactions per second, shared between the whole planet. Nobody wants to wait hours or days or weeks to find out if a micro-transaction payment cleared on-chain and they can finally view the article.
My response:
Have you not heard of the Lightning Network? It's not 2015 anymore.
Just unbelievable. 🤣