Hacker News Reader

Is bitcoin specifically legal tender, or other digital currencies, or layer 2 solutions, or what exactly? If bitcoin only was made legal tender, then layer 2 solutions will not be legal tender, and businesses could choose to only accept direct bitcoin payments via the blockchain, forcing customers to pay high fees.

View on HN

Then maybe as a customer I would buy from the seller that doesn't have the high fees. As soon as one business chooses to use the "cheaper and faster" option, then all other businesses sort of have to too, unless they want to be out of business.

Sure, if businesses collude to undertake user hostile actions, they could get this experiment to fail. Let's hope the incentives lead them to treat their customers better.

Reply on news.ycombinator.com