A hilarious normie moment on LinkedIn this weekend:
The Wall Street Journal posted an article about the bitcoin ETF approvals. Of course, it was paywalled and requires a $10 weekly subscription to read it.
I commented:
It would be great to be able to pay for the content of this single article using bitcoin, as opposed to a subscription.
And (I shit you not) someone with a PhD in computer science (according to their bio) replied:
Why? What would make it great?
Waiting several hours to see if the transaction goes through?
Complex management of your bitcoin address?
I think you're confusing 'bitcoin' with 'micro-transactions'. And if there is one thing bitcoin is totally unsuited for, it's micro-transactions. Only 8 transactions per second, shared between the whole planet. Nobody wants to wait hours or days or weeks to find out if a micro-transaction payment cleared on-chain and they can finally view the article.
My response:
Have you not heard of the Lightning Network? It's not 2015 anymore.
Just unbelievable. 🤣
daniel / The: Daniel ⚡️ #OnlyDans
npub1ae…q4nwx
2024-01-15 03:28:22
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2024-01-15 03:28:22Event JSON
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"content": "A hilarious normie moment on LinkedIn this weekend:\n\nThe Wall Street Journal posted an article about the bitcoin ETF approvals. Of course, it was paywalled and requires a $10 weekly subscription to read it.\n\nI commented: \n\nIt would be great to be able to pay for the content of this single article using bitcoin, as opposed to a subscription.\n\nAnd (I shit you not) someone with a PhD in computer science (according to their bio) replied:\n\nWhy? What would make it great? \n\nWaiting several hours to see if the transaction goes through? \n\nComplex management of your bitcoin address? \n\nI think you're confusing 'bitcoin' with 'micro-transactions'. And if there is one thing bitcoin is totally unsuited for, it's micro-transactions. Only 8 transactions per second, shared between the whole planet. Nobody wants to wait hours or days or weeks to find out if a micro-transaction payment cleared on-chain and they can finally view the article.\n\nMy response:\n\nHave you not heard of the Lightning Network? It's not 2015 anymore.\n\nJust unbelievable. 🤣",
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