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So much for Blockchain's real life use cases (lemmy.ml)

submitted 5 months ago by [email protected] to c/[email protected]

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[–] [email protected] 2 points 5 months ago (1 children)

it would be nice if the price of bitcoin was stable enough that when I sent $100 to somebody it wouldn't be a gamble whether what they actually received was double or half that

[–] [email protected] 2 points 5 months ago (1 children)

It is. Lightning transactions confirm in under a second, you can sell those instantly via an exchange. The price is not that unstable and already more stable than many national currencies. You can guarantee that they receive the same amount of BTC.

[–] [email protected] 2 points 5 months ago* (last edited 5 months ago)

I don't care about amount of BTC, I care about amount of dollars. It may also surprise you to learn that I don't care about countries where the currency is so unstable that a currency that can double in value in the space of a few months has it beat.

If bitcoin is going to become usable as a currency, even in niche circles, it has two problems to solve: energy use (three quarters of a megawatt hour per transaction, according to Forbes!) and conversion stability. I don't want keeping money in my wallet to be a high risk investment.