pull down to refresh
10 sats \ 2 replies \ @028559d218 14 Dec \ parent \ on: John Carvalho proposes BIP renaming sats as bitcoin bitcoin
I think people can 'use' Bitcoin, for example pay for things with Lightning, without knowing how Lightning or Bitcoin works. And let's face it... lightning is complicated.
Having said that... people now and likely well into the future will purchase and 'use' sats almost exclusively. When people trade their fiat money (dollars or euros) for 'sound money' like Bitcoin the units they will encounter almost exclusively will be Sats.
If and when the exchange rate of Bitcoin is 1,000,000 dollars/btc (in 10 years or so?) will people still say 'oh I can't afford a whole Bitcoin?!' No! It will be 1 sat per cent and easy for folks to understand
Everything is complicated when your truth is built on a flimsy platform. Certainly lightning is different. It's getting easier all the time. At the same time learning anything is as the French (? not sure of this source) saying goes: "Pain is the trade going into the apprentice."
There are thousands of people trying to make Bitcoin and Lightning easier to use. The trick is that understanding the fundamentals brings you closer to being one of those thousands. As with all technology, when things go well no one is crying and when things don't work everyone is mad. Sometimes it is a matter of asking for help. I am guilty of not asking for help so I get mad and then when I am really bent out of shape I let go and take a long walk.
reply
I really like lightning, use it everyday and honestly I think it's a marvel.
Is it perfect? Nope. But wow if you get a few good channels setup it's cheap and quick to transact real Bitcoin.
reply