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Comment by toenail | Hacker News Reader

That's one of the reasons I'm in bitcoin. I also like to pay with cash.

"banks are annoying asking me questions, so i will just pay a $1000 fee per transaction and publish every single transaction i make in the open under a pen name that i hope nobody notices is me"

good luck buddy

There is something like the Lightning Network now (already for 6 years but only usable for about on year now in my view). It's like a wrapper around bitcoin. Using it you make transactions which are very cheap and only put a transaction on the blockchain at the beginning and very end. Everything in between in done on the Lightning Network.

"There's the lighting network" has been the standard excuse when I was in crypto before I learned how money actually works.

And yet, it doesn't seem to work. Beyond that, it also addresses only one of the major problems with cryptocurrency

The Lightning Network works. Not sure what you are referring to. Also, not sure what you want to say using your first sentence.

> The Lightning Network works. Not sure what you are referring to

Im referring to the fact that it theoretically works but is in practice not particularly widespread. Also, it’s supposedly capable of handling „millions of transactions per second“, but if that is actually working out remains to be proven.

> not sure what you want to say using your first sentence.

It’s just my annoyance with crypto bros being obsessed with one particular monetary system that played a role for some time while being mostly ignorant to the fact how and why modern currencies work.

This is where those naive obsessions with BTC supply being technically locked etc comes from.

I kind of agree. Bitcoin sucks for every day use. I would like to use crypto when it works as well as credit/debit cards.

If you bought bitcoin 10 years ago you should have had enough time to figure out that you can simply get credit/debit cards that convert your bitcoin into fiat, if that's what you want?

That's a terrible argumentative commenting style. How about just typing out what you mean and your reasoning behind it?

There's also Monero.

Why the condescending tone? Please read the commenting guidelines.

And maybe you should also read the post again, or did you miss this entirely?

> because the bank will cancel my accounts

Good luck cancelling my censorship resistant payments.

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