On: El Salvador adopts Bitcoin as official currency, first country to do so

[dmarcos]

El salvador payment system is built on the lighting network. A layer 2 scaling solution for bitcoin (up to 25 million transactions per second)

https://en.m.wikipedia.org/wiki/Lightning_Network

edit: typos

[NicoJuicy → dmarcos]

0 currently.

https://twitter.com/nayibbukele/status/1435197879795212291?r...

Also. Lightning network can give unreliable transaction costs ( eg. When sending to an unknown wallet)

It's weird that everyone is supporting an off chain solution. It kinda defeats the purpose of Bitcoin in general.

[thesmok → NicoJuicy]

It depends on what you think the purpose of Bitcoin is. In my mind Bitcoin is digital gold. It's not really convenient to pay for McDo in gold, so I would hold my gold in a bank and pay with fractions of my gold certificates. If I want, I can go to the bank and exchange my certificates for the actual bullions.

[NicoJuicy → thesmok]

I look at it as the first implementation of the Blockchain.

While Blockchain can be valuable, Bitcoin is not.

Note : i did hold btc until late 2017.