alt Hacker News- You can use it as a store of value. - You can make transactions.
If you don’t like it or think it’s too slow doesn’t change these facts.
I agree that it’s not a product though. It is a distributed system that nobody owns.
- You can use it as a store of value. - You can make transactions.
If you don’t like it or think it’s too slow doesn’t change these facts.
I agree that it’s not a product though. It is a distributed system that nobody owns.
My point is thdt your aren't really storing value when price is highly volatile, you're gambling. If I put $100 into a store of value, it would continue to be worth $100. If I put $100 in and it may be $30 or $300 later, that isn't value stored.
And yes you can functionally make transactions, but based on current transaction fees it looks like I'd pay $0.22 in fees so I could wait 10-20 minutes for a transaction to likely clear. I'm not doing that at a gas pump, grocery store, etc.