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I'm judging the value of a cryptocurrency by how many tangible goods and services I can extract from it. That is the entire function of a currency. I can pay fo

I'm judging the value of a cryptocurrency by how many tangible goods and services I can extract from it. That is the entire function of a currency. I can pay for my VPN and my cloud servers with BTC. I can meet up with people locally and sell BTC for cash [effortlessly]. I can't do that with any other cryptocurrency. I'm not at all judging the technical merits of one cryptocurrency versus another.

sanswork 9y ago
>I can pay for my VPN and my cloud servers with BTC. Provided you use one of a limited selection of providers compared to using credit cards. >I can meet up with people locally and sell BTC for cash [effortlessly] Depending on where you are located. >I can't do that with any other cryptocurrency. You can do both of those things much more easily using traditional currencies. In both those cases you are getting a worse deal than just using normal cash for the services desired. That's why you can't judge any cryptocurrency for that because they are all universally shit at it.
- charsifood 9y ago
  > Provided you use one of a limited selection of providers compared to using credit cards. Compared to the none of them that take ETH. > Depending on where you are located. Or irrespective of where you are located if you are trying to offload ETH because nobody wants it. > That's why you can't judge any cryptocurrency for that because they are all universally shit at it. There are varying degrees of shit and BTC is the only one that even comes close to being a real currency rather than a speculative one.
  - sanswork 9y ago
    They are all speculative. You can't possibly believe that the recent increase in Bitcoin price is due to a tripling of its usefulness over the past year right?
    - charsifood 9y ago
      They're all speculative; only one of them is useful.
      - sanswork 9y ago
        For extremely limited definitions of the term useful.
        iopq 9y ago
        If you're a millionaire in China, it's extremely useful, for example.
        sanswork 9y ago
        If you're a millionaire in China property in the west is more useful.
        lkbm 9y ago
        For an extremely limited amount of use. The definition of "useful" is something along the lines of "can be used". We don't have different definitions for "useful" that range from "can be used 10 ways" vs. "can be used 1000 ways". No one's arguing bitcoin has the same level of adoption as USD for facilitating trade. They're arguing that it has more than zero and that ETH has zero. Two comments up you argued that having fewer options inherently means you're getting a worse deal than someone with more options. Bitcoin is an extra payment option in n>0 situations. "n is small" is true, and a reasonable point when evaluating the usefulness of bitcoin. "n is small and therefore n is zero" is a little less reasonable argument, but seems to be what you're arguing.
        sanswork 9y ago
        >Bitcoin is an extra payment option in n>0 situations. And not a payment situation at all in almost all solutions. "n is small and therefore n is not useful compared to x" is what I'm arguing. You cannot depend on n when the ability to use it as a means of payment is so inconsistent. That goes for any value of n not just Bitcoin.
- celticninja 9y ago
  >. In both those cases you are getting a worse deal than just using normal cash for the services desired. That is complete codswallop. My VPN is cheaper when paid with btc than with PayPal or credit/debit card or Stripe. Why would you meet up with someone to sell cash for cash?
  - sanswork 9y ago
    >My VPN is cheaper when paid with btc than with PayPal or credit/debit card or Stripe. So your VPN also accepts credit/debit cards? That means I have more choice in VPNs as a credit/debit card user. So you're getting the worst deal. >Why would you meet up with someone to sell cash for cash? Because you need a different currency? Why would you meet up with someone to sell cash(bitcoin) for cash?
  - ahakki 9y ago
    > Why would you meet up with someone to sell cash for cash? Forex
- celticninja 9y ago
  >. In both those cases you are getting a worse deal than just using normal cash for the services desired. That is complete codswallop. My VPN is cheaper when paid with btc than with PayPal or credit/debit card or Stripe. Why would you meet up with someone to sell cash for cash?

sanswork 9y ago

>I can pay for my VPN and my cloud servers with BTC. Provided you use one of a limited selection of providers compared to using credit cards. >I can meet up with people locally and sell BTC for cash [effortlessly] Depending on where you are located. >I can't do that with any other cryptocurrency. You can do both of those things much more easily using traditional currencies. In both those cases you are getting a worse deal than just using normal cash for the services desired. That's why you can't judge any cryptocurrency for that because they are all universally shit at it.

charsifood 9y ago
> Provided you use one of a limited selection of providers compared to using credit cards. Compared to the none of them that take ETH. > Depending on where you are located. Or irrespective of where you are located if you are trying to offload ETH because nobody wants it. > That's why you can't judge any cryptocurrency for that because they are all universally shit at it. There are varying degrees of shit and BTC is the only one that even comes close to being a real currency rather than a speculative one.
- sanswork 9y ago
  They are all speculative. You can't possibly believe that the recent increase in Bitcoin price is due to a tripling of its usefulness over the past year right?
  - charsifood 9y ago
    They're all speculative; only one of them is useful.
    - sanswork 9y ago
      For extremely limited definitions of the term useful.
      - iopq 9y ago
        If you're a millionaire in China, it's extremely useful, for example.
        sanswork 9y ago
        If you're a millionaire in China property in the west is more useful.
      - lkbm 9y ago
        For an extremely limited amount of use. The definition of "useful" is something along the lines of "can be used". We don't have different definitions for "useful" that range from "can be used 10 ways" vs. "can be used 1000 ways". No one's arguing bitcoin has the same level of adoption as USD for facilitating trade. They're arguing that it has more than zero and that ETH has zero. Two comments up you argued that having fewer options inherently means you're getting a worse deal than someone with more options. Bitcoin is an extra payment option in n>0 situations. "n is small" is true, and a reasonable point when evaluating the usefulness of bitcoin. "n is small and therefore n is zero" is a little less reasonable argument, but seems to be what you're arguing.
        sanswork 9y ago
        >Bitcoin is an extra payment option in n>0 situations. And not a payment situation at all in almost all solutions. "n is small and therefore n is not useful compared to x" is what I'm arguing. You cannot depend on n when the ability to use it as a means of payment is so inconsistent. That goes for any value of n not just Bitcoin.
celticninja 9y ago
>. In both those cases you are getting a worse deal than just using normal cash for the services desired. That is complete codswallop. My VPN is cheaper when paid with btc than with PayPal or credit/debit card or Stripe. Why would you meet up with someone to sell cash for cash?
- sanswork 9y ago
  >My VPN is cheaper when paid with btc than with PayPal or credit/debit card or Stripe. So your VPN also accepts credit/debit cards? That means I have more choice in VPNs as a credit/debit card user. So you're getting the worst deal. >Why would you meet up with someone to sell cash for cash? Because you need a different currency? Why would you meet up with someone to sell cash(bitcoin) for cash?
- ahakki 9y ago
  > Why would you meet up with someone to sell cash for cash? Forex
celticninja 9y ago
>. In both those cases you are getting a worse deal than just using normal cash for the services desired. That is complete codswallop. My VPN is cheaper when paid with btc than with PayPal or credit/debit card or Stripe. Why would you meet up with someone to sell cash for cash?