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I has nothing to do with crypto tho. Whether a monetary instrument works and is adopted as a widespread medium of exchange depends on factors outside whether or

I has nothing to do with crypto tho. Whether a monetary instrument works and is adopted as a widespread medium of exchange depends on factors outside whether or not it's impossible to counterfeit or is deflationary or inflationary. It's been 12 years of bitcoiners telling me any day now, it's going to overthrow the USD and Visa and Mastercard, and yet, no one's buying a Starbucks with BTC. If you start out with your selling point as some kind of libertarian utopian currency free of regulation, you're going to miss the mark for the same reason that the internet, once seen as free of regulation, geography, and government (Remember, "The Cyberspace Declaration of Independence") is not only regulated now, but you have the public clamoring for more. We have regulations because a majority of your neighbors want them. And if a majority of your neighbors want a regulated currency, they are not going to adopt yours if your selling point is no controls.

seibelj 6y ago
BTC will never be currency, I think it’s more a store of value like gold. But there is a certainly a crypto economy, where employees are paid in a variety of cryptos - stablecoins and others. It’s difficult to understand until you enter this universe. But it’s real!
donatj 6y ago
> no one's buying a Starbucks with BTC. I paid in UPXAU but I did buy Starbucks with crypto just the other day. https://uphold.com/en/blog/introducing-the-worlds-first-multi-asset-crypto-enabled-debit-card https://uphold.com/en/blog/introducing-the-worlds-first-mult...
ultrarunner 6y ago
> We have regulations because a majority of your neighbors want them A majority of my neighbors want the promised outcomes of the pitches for regulation given by politicians and big businessmen. If those outcomes can be provided more quickly by other means the regulations themselves become comparatively unpalatable. No one asked for cookie warning popups on every site.

seibelj 6y ago

BTC will never be currency, I think it’s more a store of value like gold. But there is a certainly a crypto economy, where employees are paid in a variety of cryptos - stablecoins and others. It’s difficult to understand until you enter this universe. But it’s real!

donatj 6y ago

> no one's buying a Starbucks with BTC. I paid in UPXAU but I did buy Starbucks with crypto just the other day. https://uphold.com/en/blog/introducing-the-worlds-first-multi-asset-crypto-enabled-debit-card https://uphold.com/en/blog/introducing-the-worlds-first-mult...

ultrarunner 6y ago

> We have regulations because a majority of your neighbors want them A majority of my neighbors want the promised outcomes of the pitches for regulation given by politicians and big businessmen. If those outcomes can be provided more quickly by other means the regulations themselves become comparatively unpalatable. No one asked for cookie warning popups on every site.