Since Bitcoin was launched in early 2009, it has been the subject of backlash from many critics. Common criticism includes the age-old argument that \u201cBitcoin is backed by nothing,\u201d the assertion that the cryptocurrency is \u201conly used by criminals, gamblers, and adult entertainment addicts,\u201d and the belief that the use of the Bitcoin network is slowly killing the Earth we love (this was found not to be true).<\/p>\n
The most common point Bitcoin\u2019s cynics have, though, is that the cryptocurrency has no use case. What good does Internet money do when there are services like PayPal?<\/p>\n
Well, here’s an answer, as illustrated by Peter McCormack, a prominent Bitcoin-centric content creator.<\/p>\n
This week, Peter McCormack<\/a>, an advertising guru turned host of the “What Bitcoin Did” and “Defiance” podcasts, posted the tweet that can be seen below. In it, McCormack is depicted paying for dinner using BTC over the Lightning Network in seconds, using his phone to issue the transaction. The establishment, he claims, did not accept bank or card payments.<\/p>\n Banking the unbanked is thrown around quite a bit. <\/p>\n Whatever your opinion, last night in El Salvador I bought dinner with Bitcoin over lightning from a roadside restaurant. <\/p>\n I had no cash dollars and they have no bank or card payment option. pic.twitter.com\/JtX3VvLasb<\/a><\/p>\n — Peter McCormack\ud83c\udff4\u200d\u2620\ufe0f (@PeterMcCormack) December 19, 2019<\/a><\/p><\/blockquote>\n\n