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Comment by ohhhlol | Hacker News Reader

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ohhhlol·

> Bitcoin is just the same now. Nothing was solved. No progress

Not true, see Segwit recently, soon https://en.wikipedia.org/wiki/Lightning_Network

edit: -3 in an hour, why?

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Segwit is used in a small fraction of transactions[0] and SegWit2x was cancelled. While the price has skyrocketed the actual transaction rate has barely moved[1].

[0] http://segwit.party/charts/

[1] https://blockchain.info/charts/transactions-per-second?times...

All that demonstrates is that people dont care that much about txn fees. If they did, they would create segwit wallets.

Combined with the low transaction rate I would assume people don't care about Bitcoin as currency -- only as a rapidly appreciating asset. As long as the price keeps skyrocketing why would you ever spend any unless you had no other currency?

Not really. I have a bitcoin debit card. This essentially puts the money in my wallet into bitcoin. The way bitcoin has been doing over the past year, all it does is make everything reduce in price relative to the time I put the money in the wallet.

How can we count votes of people who don't have the money for a single transaction fee? I thought Bitcoin was supposed to be better because it was the cheapest?

You subsidize them then. Mining isn't free. Running a node isn't free. Bitcoin was never about being cheap, it's about protecting your purchasing power.

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