Fees with lightning (Bitcoin) are often under a penny per transaction and transactions settle instantly. Usability has come a long way here.
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kate@lemmy.uhhoh.com 10 months agoFees are high in Bitcoin but there are other options that are low fees/faster (still too complex for most people imo
makeasnek@lemmy.ml 10 months ago
FaceDeer@fedia.io 10 months ago
I see cryptocurrency ATMs in various random places around town, they're evidently not too complex for common usage. I think this is a bit of a chicken and egg thing, people would figure them out if sites like Gumroad actually used them. Porn is a powerful motivator for human ingenuity.
And yeah, Bitcoin's fees are silly and I wouldn't recommend it for anyone wanting to use it as a currency. The Bitcoin community long ago decided they wanted to be "digital gold" and are firmly dedicated to making the token unusable for anything other than that. For general currency usage I'd recommend looking into stabletokens like USDC or DAI, they run on the Ethereum blockchain instead.
kate@lemmy.uhhoh.com 10 months ago
I see the occasional Bitcoin ATM but they seem to be Bitcoin only, and they have their own high fees. I agree with the stablecoins point, though. Although ethereum has worse fees than Bitcoin these days there are ofc L2 options like those listed at l2beat.com