• Feddyteddy@lemmy.sdf.org
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      1 year ago

      The only people that think this is correct are ones that learned about crypto 5 years ago and never thought to update their information. The lightning network allows for tiny bitcoin transactions with sub one cent transaction fees. In addition to that, the transactions happen in less than a second.

      • TheOneCurly@lemmy.theonecurly.page
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        1 year ago

        As long as you have a channel with that person preconfigured and funded right? Otherwise you need to do an on chain transaction with on chain fees to set up that sub one cent transaction.

        • Feddyteddy@lemmy.sdf.org
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          1 year ago

          No. I have opened up exactly 1 channel with 1 other person years ago, and it was done automatically when I installed the app. Since then I have been able to send and receive bitcoin to anyone I’ve wanted to instantly and for a miniscule fraction of the amount that I have sent. I am really surprised, I had no idea that so much misinformation was being passed around amongst people who have never even decided to try it themselves or even look into it deeply at all.

        • Astroturfed@lemmy.world
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          1 year ago

          Shhhh, don’t point out how there has to be a large pool of the currency sitting in someone’s account and that the person often disappears with it all or spends it. That upsets their narrative. No regulation or oversite is GOOD.

          • Feddyteddy@lemmy.sdf.org
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            1 year ago

            This is absurd. It is impossible for anyone to disappear with the money, nothing like this has or even can happen. Please post any source even claiming this. I am baffled that it would even cross your mind to even make such an absurd claim. Please post a source.

            • Astroturfed@lemmy.world
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              1 year ago

              Here’s the most widely known and published case:

              https://www.google.com/amp/s/fortune.com/crypto/2023/02/24/ruja-ignatova-cryptoqueen-onecoin-murder-bulgaria-crime-boss-yacht/amp/

              Supposedly she’s dead now but who knows. The current biggest news scam is the FTX shit. That was a crypto exchange. They stole like a billion dollars. Is it better because he didn’t disappear after fleeing to the Bahamas?

              This is what I love about you crypto techbros. You just claim everything that doesn’t support your beliefs isn’t real. Please invest all your retirement savings into digital currencies. You’ll show us.

              • Feddyteddy@lemmy.sdf.org
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                1 year ago

                You misunderstood what was being discussed completely, we were talking about the technical side of the lightning network, not whether or not people kill each other for money. Yes, absolutely people murder each other to take what they want, but believe it or not this happens with every currency in the world and happened even before currency existed. I can’t even imagine what must go through the head of someone to think that murder/theft is something that bitcoin introduced to the world.