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RE: Make Physical Bitcoin Transactions With OpenDime

in LeoFinance3 years ago

As soon as I finished reading your post the first thing I thought was: ok, you are very right and the truth is that the device you advertise is quite practical for the safekeeping of our cryptos, but, it seems to me that BTC is very valuable and the commissions very expensive to squander them in small transactions, for me BTC should be for very expensive things like real estate or footballers contracts, the other altcoins should assume the retail trade, with the support of these small and useful devices I guess it's possible.

On the other hand, it is true that electricity is an important part of everything related to BTC, but for now most of the electricity required to generate one of these cryptos comes from centralized entities, i.e. governments. 70% of the world's BTC comes from Chinese mining, hence centralized, state-funded electricity. Someday most of the BTC and cryptos will come from more independent energy such as solar. Regards, I like your posts.

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Oh I completely see it going that way that you either borrow against your BTC or you settle massive transactions. Many of us won't even use the base chain because it will be unaffordable and if we want to do transactions of a certain size, we may have to do it offline with the help of paper wallets or like opendime and simply hand over ownership.

Lightning and liquid are trying to help the situation and I am sure that they will find ways to improve it that we have better transaction management in the future.

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