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0 sats \ 9 replies \ @beameduplol OP 7h \ parent \ on: Is Bitcoin Lightning feasible for contactless retail payments on the go? bitcoin
Am I whining, or is he whining?
Instead of any thoughtful feedback on anything I just said, he decided to nitpick something that nobody has ever objected with. I myself have seen a fair share of Bitcoiners use LN-BTC.
So much for a "very dedicated user who has several guides about Bitcoin"
Instead of any thoughtful feedback on anything I just said,
I didn't reply to what you said in the OP because just make me laugh seeing that your lack of Bitcoin knowledge is disturbing. So I let you fantasying about how to use Bitcoin with giftcards... those in fact are not a real way to use bitcoin. Using giftcards and/or VISA debit cards loaded from a BTC wallet is nothing else than going back to fiat, you are literally supporting the fiat existence. as I explained in this old post: #576140
You better start reading all my Bitcoin guides and study more about: https://darth-coin.github.io/
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I am certain that I am - the - only user of Bitcoin in my country... Not everyone would be born in a place like you, where Bitcoin isn't outlawed or that 100% of people have a stigma it is either a scam/ponzi or an asset to get rich in FIAT.
My only real usecase for Bitcoin from my location & situation is peer-to-peer transactions (which I do quite often) and purchasing random small things if I can. There is zero usage of Bitcoin here, so I need to resort to giftcards.
Also, if you read my post instead of glancing at a single word, you would see that in the beginning if the second paragraph, I bring up the idea of a retail merchant actually directly accepting Bitcoin over Lightning. (As in, having the payment method of Bitcoin or Bitcoin over Lightning.) rather than using my Bitcoins to purchase giftcards (which, as you state, is like going back to FIAT. I agree with your statement.)
Your guides are good though. I read the bitcoin circular economy, which I do wish happened here, but zero usage on Bitcoin. I am not a merchant or have anything to sell as a service, so until then, I will have to live on FIAT.
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I am - the - only user of Bitcoin in my country...
Countries do not "adopt Bitcoin"... individuals do.
Be the change if you want to see the change around you. Waiting for others to do it for you, is not the way forward.
So first educate yourself in this matter and then later slowly educate others around you.
https://darth-coin.github.io/beginner/5-stages-became-bitcoiner-en.html
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That is not what I meant. I cannot use Bitcoin directly to pay for gas, buy food at restaurants or shop if I am the only individual in my country that utilises Bitcoin.
I would be the change, but again, I do not have anything to sell, and I doubt anybody still has self-custodied Bitcoins they can spend. (i.e: there are some "investors" that own fake BTC on exchanges and can't transfer them)
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I myself have seen a fair share of Bitcoiners use LN-BTC.
Those are not well educated bitcoiners or noobs like you or even worse shitcoiners pretending to be bitcoiners.
As you said in your bio, you want to learn more about Bitcoin, so I tried to teach you to use the correct terms.
You are new to bitcoin and SN and I have much more experience than you, so you better listen, especially when I start my phrase with the word "please"...
As an old bitcoiner, it is my duty to teach the new ones the right way. Nowadays we see a lot of terms introduced by shitcoiners and bad actors that are wrong and create false impressions onto new users. Then noobs like you just continue using those wrong terms as it should be OK.
PLEASE stop being a snowflake squarehead and try to learn the right things.
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Okay, and what is wrong with saying LN-BTC? How does it convey it's different than Bitcoin? LN-BTC, Lightning Bitcoin, as in the layer 2. Even you seemed to get the meaning of it so why should I change it? I like convenience, especially when I have to use this term multiple times while typing. Again you are the only person that actually cares about very very insignificant things like these.
You have stated it is a "wrong term", but why is it a wrong term?
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As I said, is only BTC (bitcoin).
The (wrong) terms used by exchanges (shitcoin casinos) and garbage news sites, like L-BTC, LN-BTC create the false impression (especially to clueless noobs) that there are many types of BTC.
LN is just the payment network for Bitcoin, as it is VISA for fiat. That's all. I will not even call it layer 2, because is absolutely the same sats you transact onchain only that are not (yet) broadcast into a public tx on the blockchain. Read more about HTLC to understand this concept.
you are the only person that actually cares about very very insignificant things like these.
Because I care too much for Bitcoin and to be thought to noobs in the right way.
One thing is to be an educator and another thing is to be an influencer...
As the other terms, wrongfully used:
- KYC Bitcoin, non-KYC Bitcoin - another stupid term used creating the false impression that exist 2 types of BTC. There's no such thing !
- I opened a $1000 LN channel with x node... - another idiotic way to say the value in dollars of a LN channel. There's no such thing as dollars transacted over LN. Over LN you are using only sats, in fact the HTLC is counted in msats.
When you talk about Bitcoin, use only BTC or sats. BTC term is for a tx onchain, sats is for a payment over LN.
Remember this:
- onchain is a transaction, with final settlement in +10m (like SWIFT for fiat). PUBLIC log
- LN is a payment, with instant settlement and confirmation (like VISA for fiat). PRIVATE (only the 2 parties knows it)
transaction is not the same as payment, remember that.
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I like the explanation, but none of it explained why LN-BTC is a wrong term. I know how Lightning is a payment network for Bitcoin, and your hypothetical statement of how it gives nocoiners and shitcoiners the idea of multiple types of Bitcoin existing has not happened yet. They can always tell I'm talking about Bitcoin over Lightning, and there's the people that cannot, which is due to a general lack of understanding of Bitcoin as a whole. (knowing it as a speculative asset)
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but none of it explained why LN-BTC is a wrong term
Read again, the answer is there.
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