3 ms·

> You mean like cash? I would guess that the OP means 'yes like cash, but cash is also used for other things whereas crypto currencies are not practically used

by lolsal 9y ago

> You mean like cash? I would guess that the OP means 'yes like cash, but cash is also used for other things whereas crypto currencies are not practically used for anything else.'

mrb 9y ago
"crypto currencies are not practically used" Again and again: no data demonstrates this claim.
- avaer 9y ago
  The burden of proof isn't on the claim there is no practical usage. The default hypothesis is no usage. The burden of proof is on the claim that non-speculation uses are greater than the speculation uses.
  - mrb 9y ago
    "The default hypothesis is no usage." Says who? I agree speculators are a big fraction of crypto users, but you are making the even bolder claim that "crypto currencies are not practically used". Consider that lots of hard & anecdotal evidence suggests otherwise: https://news.ycombinator.com/item?id=15094514 https://news.ycombinator.com/item?id=15094514
    - lolsal 9y ago
      > Says who? Says the burden of proof. http://rationalwiki.org/wiki/Burden_of_proof http://rationalwiki.org/wiki/Burden_of_proof
- lolsal 9y ago
  Here's your data, a single sample size: - I live in a US city with a population over 1M. - I have about 0.5 BTC - I have never - ever - seen a place in the Real World where I can spend it. - I cannot be sure of this assertion, but it's worth saying anyway: The only place online I can recall seeing that accepts BTC as payment is PIA vpn service. I cannot recall any other place (this certainly doesn't mean there aren't any!). If a reasonably tech-savvy person cannot spend it in the real world, it does not meet my standards for something being 'practical'. Period.
  - mrb 9y ago
    I spend my bitcoins on: my CPA, computer gear (Newegg), games (Steam), VPS and domain names (Vultr, Gandi), furniture (Overstock), etc Also you fail to realize it but Bitcoin's practicality extends to more than just payments: it's great for informal person-to-person transactions. I gift bitcoins to my family overseas, I pay back lunch money to coworkers in bitcoins, etc. In fact I think person-to-person transactions is one of Bitcoin's most promising use case...

by lolsal 9y ago

> You mean like cash? I would guess that the OP means 'yes like cash, but cash is also used for other things whereas crypto currencies are not practically used for anything else.'

mrb 9y ago

"crypto currencies are not practically used" Again and again: no data demonstrates this claim.

avaer 9y ago
The burden of proof isn't on the claim there is no practical usage. The default hypothesis is no usage. The burden of proof is on the claim that non-speculation uses are greater than the speculation uses.
- mrb 9y ago
  "The default hypothesis is no usage." Says who? I agree speculators are a big fraction of crypto users, but you are making the even bolder claim that "crypto currencies are not practically used". Consider that lots of hard & anecdotal evidence suggests otherwise: https://news.ycombinator.com/item?id=15094514 https://news.ycombinator.com/item?id=15094514
  - lolsal 9y ago
    > Says who? Says the burden of proof. http://rationalwiki.org/wiki/Burden_of_proof http://rationalwiki.org/wiki/Burden_of_proof
lolsal 9y ago
Here's your data, a single sample size: - I live in a US city with a population over 1M. - I have about 0.5 BTC - I have never - ever - seen a place in the Real World where I can spend it. - I cannot be sure of this assertion, but it's worth saying anyway: The only place online I can recall seeing that accepts BTC as payment is PIA vpn service. I cannot recall any other place (this certainly doesn't mean there aren't any!). If a reasonably tech-savvy person cannot spend it in the real world, it does not meet my standards for something being 'practical'. Period.
- mrb 9y ago
  I spend my bitcoins on: my CPA, computer gear (Newegg), games (Steam), VPS and domain names (Vultr, Gandi), furniture (Overstock), etc Also you fail to realize it but Bitcoin's practicality extends to more than just payments: it's great for informal person-to-person transactions. I gift bitcoins to my family overseas, I pay back lunch money to coworkers in bitcoins, etc. In fact I think person-to-person transactions is one of Bitcoin's most promising use case...