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I have no skin in the game either way, so I am curious (asked before): Is crypto: money/currency (spend able exchange of value) a store of value (investment
by berbec 8y ago
I have no skin in the game either way, so I am curious (asked before):
Is crypto:
money/currency (spend able exchange of value)
a store of value (investment etc)
a cool technology with no current useful application
or something I don't understand?
If crypto is money, can I:
Spend it at Amazon? My grocery store? My corner deli? Pay my rent? Pay my employees?
If crypto is a store of value can I trust it will have any rational storage value over any time period?
- tim333 8y agoIt works as a spend able exchange of value and as an investment. Just not very well. I've done both of those. Given the not very well bit, it's main use in reality is doing stuff discouraged by governments such as buying drugs and pushing scammy investments. Whether it will develop beyond that I'm not sure.
- jki275 8y agoIt's kind of all of the above. As to your questions, you can spend it some places. I think newegg takes it, Valve used to take it with Steam, etc. There are corner delis who take it, I'm not sure about yours. Your employees may be ok with you paying them in it, but that's an agreement you have to have with them. To your last question -- no, I wouldn't think so at least for now.