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Sovereign Being
3d ago
It's 1 sat per v byte because we are mining empty blocks. As soon as people start filling those blocks, which would be the case if people actually started really using the L1 for payments day to day, it's suddenly $50 or more to get into the block.
Contrast this with XRP, which is ALWAYS less than fractions of a cent and settled within 3-5 seconds no matter how busy the network is, and the average person that sees this will never be convinced that BTC is a better solution. They don't care about the other unique aspects of bitcoin and they never will.
If bitcoin had these issues solved, people wouldn't need to look elsewhere.
Contrast this with XRP, which is ALWAYS less than fractions of a cent and settled within 3-5 seconds no matter how busy the network is, and the average person that sees this will never be convinced that BTC is a better solution. They don't care about the other unique aspects of bitcoin and they never will.
If bitcoin had these issues solved, people wouldn't need to look elsewhere.
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MindMining
@MindMining
3d ago
Why would you use Bitcoin L1 for day to day payments?
Did lightning and cashu (or even bitrefill gift cards) stop working?
XRP is centralized BS based on no solid foundation, of course it's fast!
And it's cheap because it's worthless, not because it's a good system.
It has no proof-of-work, which is up until now the best way found to have an honest decentralised network.
You know, central banks could manage the ledger of all banks and we then have CBDCs and everything will be very cheap and fast!
Settlement should be slow and expensive, this secures the Bitcoin network and rollbacks are virtually impossible.
The average person should be free to choose what the average person wants, and then fail and try again, also they need to "do their own research" but most of em don't. The last
Did lightning and cashu (or even bitrefill gift cards) stop working?
XRP is centralized BS based on no solid foundation, of course it's fast!
And it's cheap because it's worthless, not because it's a good system.
It has no proof-of-work, which is up until now the best way found to have an honest decentralised network.
You know, central banks could manage the ledger of all banks and we then have CBDCs and everything will be very cheap and fast!
Settlement should be slow and expensive, this secures the Bitcoin network and rollbacks are virtually impossible.
The average person should be free to choose what the average person wants, and then fail and try again, also they need to "do their own research" but most of em don't. The last
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