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How much of all crypto currency transactions is speculation, and how much is actually used as currency? It seems as if all I ever hear about various crypto curr
by sorenjan 9y ago
How much of all crypto currency transactions is speculation, and how much is actually used as currency? It seems as if all I ever hear about various crypto currencies these days is how much they're worth and how profitable it is, never how practical it is to buy stuff with.
- slindz 9y agoCurrency is such a misnomer. In the near term, it's a horrible decision to buy anything that doesn't appreciate in value at a similar rate as your cryptocurrency of choice if you can possibly avoid it. That doesn't mean Bitcoin doesn't have value. Bitcoin is useful if you need to move financial amounts across borders. Bitcoin is useful if your own fiat currency is about to take a bath. Bitcoin is useful if you'd like to transact for something anonymously (there are good and bad reasons for this) Complaining that Bitcoin isn't also a thing you can buy coffee with has never made sense to me.