Quote:
Originally Posted by Castle2.0
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- Lightning Network (LN). Send Bitcoin instantly for almost free on Layer 2 of the bitcoin blockchain. Learn more here: https://lightning.network/ This is what will allow Bitcoin to be used as a currency. Pssst, this is what El Salvador is using.
- If you want Layer 1 settlement (sending bitcoin on the bitcoin network) it's right now $0.06 to $1.60, depending if you want it sent in ~10 minutes to 4 hours. In the future, people will use Layer 2 solutions like LN for daily transactions. Layer 1 settlement will only be for large amounts or important transactions like mortgages.
- I have been in crypto longer than you and most people for that matter. Not going to share my bitcointalk forum handle and dox myself, sorrynotsorry.
- If you buy a dog-themed coin you deserve to get hosed
- There are YUGE opportunities in DeFi, just like tech stocks in the late 90s. Most will fail. Most people will get hosed. Just buy BTC and HODL unless you actually want full-time employment researching/investing in crypto.
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El Salvador is approaching Sri Lankan levels of insolvency because of Bitcoin and president Habib or whatever his name is
Great point to make here, Jesus