Federal Reserve Chair Jerome Powell gives his thoughts on inflation risks, the economy, the timeline for cutting rates, the health of the country’s banks and...
Lightning is an international open-source protocol, not something El Salvador made. It’s a layer on top of Bitcoin which makes transactions settle instantly for pennies in fees while using the underlying Bitcoin blockchain for security. Similar to how venmo is a layer on top of the existing banking system. El Salvador has no say in how Bitcoin is administered.
@makeasnek The administration or lack of it is not what makes Bitcoin useless as a monetary currency. Bitcoin is useful for many other things but that’s not one of them.
Lightning is an international open-source protocol, not something El Salvador made. It’s a layer on top of Bitcoin which makes transactions settle instantly for pennies in fees while using the underlying Bitcoin blockchain for security. Similar to how venmo is a layer on top of the existing banking system. El Salvador has no say in how Bitcoin is administered.
@makeasnek The administration or lack of it is not what makes Bitcoin useless as a monetary currency. Bitcoin is useful for many other things but that’s not one of them.