Bitcoin is like a bank transfer, you don’t buy all your daily goods with it at the shops. You do however use the fast networks stacked on top

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Lighting is like VISA, it doesn't hold value itself but facilitates the quick transfer of existing sources of value.

So next time you're sad that you can't use bitcoin in a shop, see if they accept bank transfer. Some will, but not all. This is why we need to layer bitcoin with proposals such as lightning.

submitted by /u/Wingsuit
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1 CRYPTO

Crypto News & ICO Reviews

1 News - 247 News - 247 Bitcoin - 1 Search

BTC - BCH - ETH - LITE - XRP

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Ticker

1 BTC = $23779.22 USD  (via Coinbase)
1 ETH = $1644.64 USD  (via Coinbase)
1 LTC = $96.62 USD  (via Coinbase)
Quotes delayed up to 2 minutes.

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