Every 10th Bitcoin Lightning payment fails and every 5th is slow, still in 2023

twitter.com

7 pointsbelltaco2 comments

Oh boys, crypto again.

I am honestly and sadly not sure why crypto is still a thing now. I am unaware of any significant or major product that came out of crypto except for all the "coins" and the NFT fad. I know that on paper, blockchain tech has great potential for security and bookkeeping stuff but I don't see anyone using it for that yet. Every time crypto comes up, it is always about some virtual currency that is notoriously difficult to transact and has extreme volatility.

Can someone explain to me why crypto is still a thing in 2023? Beside the "coins" reason?

I have used it as basic money for my degenerate online sports betting, buying hardware, and giving as gifts. First borns get 0.1 BTC! I also use it as a savings account. It's not nearly as interesting of an asset now that it tracks generally with large index funds though.

Even if it seems useless, if you look at how much day trading and stonk manipulation there is in prices where _even doing better than expected in a quarter can be a negative somehow_, you'll see how ETFs and cypto alike are a numbers game + hot potato + yeah some useful value behind those numbers.

Reply on news.ycombinator.com