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this post was submitted on 27 Jul 2025
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The main reason I don't care for bitcoin is I have to count a bunch zeros after the decimal point, before reaching a useful number. $1 = 0.000006128921 btc? Really? Screw those zeroes. Bitcoin is inefficient in so many ways.
Case in point
I still haven't come across anywhere, or any reason, to buy goods with BTC. I look for things I need, not ways to spend. I have these beautiful apps showing me clearly how to buy bitcoin, but no one is giving me any reason to do it. What am I supposed to do with a satoshi? Groceries? Nope. Furniture? Nope. Housing? Nope. A T-shirt with some BTC logo on it? 🤨
The only reason I've ever used crypto is to buy DIY HRT and other drugs off the internet :)
And twenty bucks to the Chinese miners as a “transaction free”.
Lightning network, taproot, all that shit, just paper over the fact that Bitcoin cannot, by design, handle enough transaction volume to become a general purpose currency without reinventing a lot of mostly centralized payment infrastructure.
You can commit money to a payment channel with a third party to create a private ledger so the third party can perform payments in your name to someone in using their shared channel on their private ledger.
Motherfucker, that’s just a bank and two bank accounts with extra steps.
If that's the biggest complaint you have about it, it's probably not that bad.
I don't mind Bitcoin itself, but I do hate the ads and NFTs and pump and dump scams, obviously
Bitcoin is its own worst enemy. It's deflationary, speculative, and largely interacted with by centralized entities. Those things means its unlikely to be successful as an actual currency; even one it hopes to be.
They should bring in subunits like an MMO. 1 bitcoin (118905USD) = 100 bitsilver 1 bitsilver (1189.05USD) = 100 bitcopper 1 bitcopper = 11.89USD
It doesn't even make any different to the number of bitcoin used, its just a more user friendly way of displaying it for small purchases.
This already exists. 1 bitcoin = 1,000 mBTC = 100,000,000 satoshi. The exchange rate as of writing is about 846 satoshis = 1 USD or 982 satoshis = 1 EUR. The current usage is thusly:
Transfer failed.
Oh, no! You're out of GAScoins!
SPECIAL OFFER: Fill Your GAScoin Tank Before 12:00 AM EST Friday and Log On for 7 Consecutive Days for a Chance to Win 10,000 Golden Eagles, a One-of-a-Kind Chug Jug Skin for Your Bitcopper Coins, and an Exclusive Golden Tesla Cybertruck Mount!
They already do that with SI prefixes.
It was far less valuable when it first started becoming trendy. 1 BTC for a pizza, or whatever. Now it's turned into a hyperinflation wheelbarrow kind of situation.
10 000 BTC for 1 pizza...
Deflation . This is literally what happens to any volute that cannot be printed indefinitely. The situation is complicated by the fact that many wallets are simply lost and bitcoins will never be recovered from them.
It's one of the least bad things about it, and if not for approximately twelve thousand bad things about it, would be easily fixable.
Monkey brain no like small numbers. Monkey brain like big numbers.
But for real, Bitcoin was the first decentalized currency to solve the Byzantine Generals Problem. Its worth something because its transparent, unmutable, and the original digital currency. It was birthed via grassroot origins in depths of the housing crash. It calls out the Federal Reserve (and any other human institution that seeks to expand their money supply).
Yeah. Just like how wood fire was the first way to cook fish.