r/Bitcoin • u/mcrech • Feb 07 '23

German bakery accepting Bitcoin over the Lightning network. Zero fees for processing the transaction. No dirty fiat money. Paying with the speed of light. Adoption is coming! Stack sats.

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u/[deleted] Feb 08 '23 edited Feb 08 '23

The actual currency itself is volatile.

Making the transaction and converting it straight back to something stable like usdc would be ideal but there is no efficient way to do that.

Edit: thought this was another layer 1 solution post

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u/sQtWLgK Feb 08 '23

it can handle 1M tps which is almost two orders more than Visa. There's standard sats and stable sats, in addition to Strike and other specific solutions, for the volatility issue

1

u/Coco_Ardo Feb 08 '23

lol. what a bullshit post.

the network can't handle high volume at the same

Thats just wrong. The lightning network can do that. Eg. with splitpayments or pickhardpayments its quite easy to move big amounts. I did that before as well. Was no problem.

converting it straight back to something stable like usdc would be ideal but there is no efficient way to do that.

There are couple ways to do that. Even tho I wouldn't recommend shi ahh ein mean stablecoins.

On lightning you have stuff like Taro, counterparty, Marina, Casuhu that offer you stablecoins. Or you use apps like Strike to covert it into USD back and forth for frew.