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Duh. Nobody is using cryptocurreny in any significant quantities except criminals on the dark web. The only thing sustaining value in cryptocurrencies is inve

Duh. Nobody is using cryptocurreny in any significant quantities except criminals on the dark web. The only thing sustaining value in cryptocurrencies is investment speculation. If investors cannot sell shares then there is nothing left for it. Investors must be able to advertise interest, any way they can, to entice other people to buys their shares otherwise it is just a retail souvenir. EDIT: I can see this post is irritating people. Please respond with an example of people using cyptocurrecy to make legitimate purchases in any valid quantities.

bitxbitxbitcoin 9y ago
I will bite, despite suspecting that this is a useless argument to wade into :). What do you consider "valid quantities?"
- austincheney 9y ago
  Do you know of a population segment that makes more than 10% of their monthly purchases in cryptocurrency alone or a major business that receives a greater than 10% revenue from cryptocurrency? I have heard of people on here living in silicon valley who claim to purchase occasional drinks with cryptocurrency, but I have not heard of practical or regular expenditures with cryptocurrency or anybody that I know offline who uses it for any kind of expense.
  - justboxing 9y ago
    CryptoKitties ? 12 MILLION in 2017, all in Ethereum / ETH. > CryptoKitties, the Ethereum-based digital kitten collectibles game, has processed more than $12 million in sales on its decentralized marketplace. Source: https://cointelegraph.com/news/cryptokitties-sales-hit-12-million-could-be-ethereums-killer-app-after-all https://cointelegraph.com/news/cryptokitties-sales-hit-12-mi... Also, a story on their revenue model => https://medium.com/@codetractio/a-look-into-cryptokitties-revenue-model-6466b705a998 https://medium.com/@codetractio/a-look-into-cryptokitties-re...
  - trakout 9y ago
    I purchased a laptop on Newegg last year using Bitcoin. Expedia takes Bitcoin as a payment method. Both of these are practical (and in some cases regular) expenditures.
ndaiger 9y ago
At https://chunkhost.com https://chunkhost.com about 25% of our revenue per month has been in Bitcoin since 2014. Since the price spike it's actually increased to more like 40% (from new accounts, not old ones switching away from credit cards or Paypal).

bitxbitxbitcoin 9y ago

I will bite, despite suspecting that this is a useless argument to wade into :). What do you consider "valid quantities?"

austincheney 9y ago
Do you know of a population segment that makes more than 10% of their monthly purchases in cryptocurrency alone or a major business that receives a greater than 10% revenue from cryptocurrency? I have heard of people on here living in silicon valley who claim to purchase occasional drinks with cryptocurrency, but I have not heard of practical or regular expenditures with cryptocurrency or anybody that I know offline who uses it for any kind of expense.
- justboxing 9y ago
  CryptoKitties ? 12 MILLION in 2017, all in Ethereum / ETH. > CryptoKitties, the Ethereum-based digital kitten collectibles game, has processed more than $12 million in sales on its decentralized marketplace. Source: https://cointelegraph.com/news/cryptokitties-sales-hit-12-million-could-be-ethereums-killer-app-after-all https://cointelegraph.com/news/cryptokitties-sales-hit-12-mi... Also, a story on their revenue model => https://medium.com/@codetractio/a-look-into-cryptokitties-revenue-model-6466b705a998 https://medium.com/@codetractio/a-look-into-cryptokitties-re...
- trakout 9y ago
  I purchased a laptop on Newegg last year using Bitcoin. Expedia takes Bitcoin as a payment method. Both of these are practical (and in some cases regular) expenditures.

ndaiger 9y ago

At https://chunkhost.com https://chunkhost.com about 25% of our revenue per month has been in Bitcoin since 2014. Since the price spike it's actually increased to more like 40% (from new accounts, not old ones switching away from credit cards or Paypal).