this post was submitted on 21 Sep 2023
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Technology
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Bitcoin is never going to be wisely used for it's intended purpose. It's been too sold as as investment that you buy and sell rather than a currency.
Bitcoin had a huge congestion problem in 2021, it's been mostly solved now with major exchanges accepting Lightning Network.
For comparison:
In 2023, Bitcoin with LN support is comparable to EU transfers, way better than international transfers, and better for microtransanctions.
Its investment value has been overhyped, it's too volatile for long term value storage, but that's irrelevant for instant value transfers.
I'm not arguing that, it's definitely very debatable if it's ever going to have some practical use outside of its current speculative one. That doesn't make it a scam tho