Privacy

31991 readers

562 users here now

A place to discuss privacy and freedom in the digital world.

Privacy has become a very important issue in modern society, with companies and governments constantly abusing their power, more and more people are waking up to the importance of digital privacy.

In this community everyone is welcome to post links and discuss topics related to privacy.

Some Rules

Posting a link to a website containing tracking isn't great, if contents of the website are behind a paywall maybe copy them into the post
Don't promote proprietary software
Try to keep things on topic
If you have a question, please try searching for previous discussions, maybe it has already been answered
Reposts are fine, but should have at least a couple of weeks in between so that the post can reach a new audience
Be nice :)

Related communities

Chat rooms

[Matrix/Element]Dead
Discord

much thanks to @gary_host_laptop for the logo design :)

founded 5 years ago

MODERATORS

518

Global IT outage shows dangers of cashless society, campaigners say (www.theguardian.com)

submitted 4 months ago by mwalimu@baraza.africa to c/privacy@lemmy.ml

197 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] makeasnek@lemmy.ml 1 points 3 months ago* (last edited 3 months ago)

At a high demand time, it could take hours to complete a transaction (if it even went through at all) and with an outrageous fee up to dozens of dollars.

Bitcoin has never been known for time efficient nor competitive fees (except for maybe in the beginning when nobody uses it).

At least you admit people use it. Bitcoin lightning enables transactions in under a second for pennies in fees, it's been around for 5+ years. Your information is outdated. In the last two months, Nostr users alone (decentralized twitter clone like Mastodon) sent each other 2.6 million tips (individual transactions) over Bitcoin lightning. None of that requires an on-chain transaction, none of it required high fees. It works. It scales. It continues to improve.