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Amazing how their is a currency who's been rising for 10 years that you actually have to 'solve' for how to spend it.

SmellTheGlove 5y ago
At least this one has a use case. Ever go on /r/cryptocurrency or some of the even more bonkers subs? Someone will post a new coin and half the comments look like bots and shills loving the tech and the use cases. They never actually state what the use case is, of course.
- Hjfrf 5y ago
  Providing exit liquidity for the creator is always use case #1.
- pxtail 5y ago
  > Someone will post a new coin and half the comments look like bots and shills loving the tech and the use cases Oh yeah, cryptocurrency classic - just look at the outcome of this thread, basically no solid solution backed up by majority of responders, almost every response links to different shiny landing page with plenty of buzzwords.
weq 5y ago
Your talking about bridging currency. Something that most banks still cant do easily with any customer they have. ie. HSBC, a global bank, doesnt even support instant transfers around the world (payid), yet thats there buisness for how many years? ie. with crypto, u can setup a wallet, u can buy currency, then lend it out to a DeX for fees and apy in 3 clicks, no wait period, minimal capital expenditure. no forms to sign. that kid at macdonalds right now can DCA into crypto using his gaming PC at night time. if u had been doing that the last 10 years, u would be retired by now. get it? the younger generation, crypto is a investment opportunity like our parents generation saw real-estate. times have changed. the govs had there time to ban crypto, they havnt. its less volatile and more secure and more open then any 3rd world country currency. the investment bankers are in it. its not going anywhere. the masses (20-30s) have who are stacking crypto are going to be the voter bloc of the next 20 years.
- Daishiman 5y ago
  Nothing in this comment makes any logical sense.
- stevage 5y ago
  There is no limited time window on governments banning crypto.
wmf 5y ago
Because it's not a currency. Gold has existed forever but you won't find point of sale systems with good support for gold coins either.
- eterm 5y ago
  "Bitcoin: A peer to peer electronic cash system" is not a currency. That's some mental gymnastics.
  - MerelyMortal 5y ago
    I'm not arguing one way or the other about Bitcoin, but just pointing something out in general: marketing/slogans/etc aren't always accurate. Regardless of the item, mental gymnastics are not required to understand that. Edit: marketing/slogans/subtitles/bylines/etc
    - eterm 5y ago
      That's not a marketing slogan, it's the title of the paper that launched bitcoin.
      - b112 5y ago
        Titles may also be marketing slogans.
  - fennecfoxen 5y ago
    That’s the uncomfortable facts to the aspirational blather. It’s a poor enough medium of exchange that people go off-chain even when they do take payments with it, it’s an unreliable store of value subject to wild price fluctuations, and if you think anyone in their right mind would use it as a unit of account imagine a mortgage debt denominated in bitcoin and the possibility of owing 10x what the house is worth if the coin goes up. 1 of the 3 economic roles of “money” is partially fulfilled. If that’s still a currency, so is the Confederate dollar.
- KoftaBob 5y ago
Geee 5y ago
It isn't easier to accept any other currency online.
- tiku 5y ago
  Exactly, you always got to have a middle man party. Bitcoin/Crypto is the only way that you can cut out that middleman, because you can directly view the blockchain for confirmations etc.
  - lottin 5y ago
    Who do you think appends your transaction to the blockchain? A middleman.
matheusmoreira 5y ago
Bitcoin is a failure. It promised privacy, low fees, decentralization, lack of censorship and sanctions. We ended up with a transparent centralized expensive block chain whose tokens are not fungible. It's just a memecoin now. It just happens to be the biggest memecoin on the market. It's the one everyone knows about.
- high_byte 5y ago
  it's a memecoin like windows 95 is a memeos.
  - UncleMeat 5y ago
    It was possible for Microsoft to ship Windows 98. Bitcoin is so ideologically fraught that there cannot really be a "Bitcoin 2" without some massive upheaval. If you invested in Microsoft in the mid 90s you'd be doing great. If you invested in literally Windows 95, oof.
- wyldfire 5y ago
  Bitcoin's biggest success was proving that a cryptocurrency could exist and have utility. In that, it's inspired the creation of many successors which are superior.
  - betwixthewires 5y ago
    Yes but unfortunately it garnered significant network effects along the way and it is still more prominent than the myriad of superior implementations of the concepts it demonstrated.
  - matheusmoreira 5y ago
    Yeah. The development of bitcoin was a historical event. As the first cryptocurrency it will always be important and remembered. However, it's time for it to die in order to make way for better projects like Ethereum and Monero.
- nprz 5y ago
anonymoushn 5y ago
It's hardly trivial to accept dollars sir.

At least this one has a use case. Ever go on /r/cryptocurrency or some of the even more bonkers subs? Someone will post a new coin and half the comments look like bots and shills loving the tech and the use cases. They never actually state what the use case is, of course.

Hjfrf 5y ago
Providing exit liquidity for the creator is always use case #1.
pxtail 5y ago
> Someone will post a new coin and half the comments look like bots and shills loving the tech and the use cases Oh yeah, cryptocurrency classic - just look at the outcome of this thread, basically no solid solution backed up by majority of responders, almost every response links to different shiny landing page with plenty of buzzwords.

weq 5y ago

Your talking about bridging currency. Something that most banks still cant do easily with any customer they have. ie. HSBC, a global bank, doesnt even support instant transfers around the world (payid), yet thats there buisness for how many years? ie. with crypto, u can setup a wallet, u can buy currency, then lend it out to a DeX for fees and apy in 3 clicks, no wait period, minimal capital expenditure. no forms to sign. that kid at macdonalds right now can DCA into crypto using his gaming PC at night time. if u had been doing that the last 10 years, u would be retired by now. get it? the younger generation, crypto is a investment opportunity like our parents generation saw real-estate. times have changed. the govs had there time to ban crypto, they havnt. its less volatile and more secure and more open then any 3rd world country currency. the investment bankers are in it. its not going anywhere. the masses (20-30s) have who are stacking crypto are going to be the voter bloc of the next 20 years.

Daishiman 5y ago
Nothing in this comment makes any logical sense.
stevage 5y ago
There is no limited time window on governments banning crypto.

wmf 5y ago

Because it's not a currency. Gold has existed forever but you won't find point of sale systems with good support for gold coins either.

eterm 5y ago
"Bitcoin: A peer to peer electronic cash system" is not a currency. That's some mental gymnastics.
- MerelyMortal 5y ago
  I'm not arguing one way or the other about Bitcoin, but just pointing something out in general: marketing/slogans/etc aren't always accurate. Regardless of the item, mental gymnastics are not required to understand that. Edit: marketing/slogans/subtitles/bylines/etc
  - eterm 5y ago
    That's not a marketing slogan, it's the title of the paper that launched bitcoin.
    - b112 5y ago
      Titles may also be marketing slogans.
- fennecfoxen 5y ago
  That’s the uncomfortable facts to the aspirational blather. It’s a poor enough medium of exchange that people go off-chain even when they do take payments with it, it’s an unreliable store of value subject to wild price fluctuations, and if you think anyone in their right mind would use it as a unit of account imagine a mortgage debt denominated in bitcoin and the possibility of owing 10x what the house is worth if the coin goes up. 1 of the 3 economic roles of “money” is partially fulfilled. If that’s still a currency, so is the Confederate dollar.
KoftaBob 5y ago

Geee 5y ago

It isn't easier to accept any other currency online.

tiku 5y ago
Exactly, you always got to have a middle man party. Bitcoin/Crypto is the only way that you can cut out that middleman, because you can directly view the blockchain for confirmations etc.
- lottin 5y ago
  Who do you think appends your transaction to the blockchain? A middleman.

matheusmoreira 5y ago

Bitcoin is a failure. It promised privacy, low fees, decentralization, lack of censorship and sanctions. We ended up with a transparent centralized expensive block chain whose tokens are not fungible. It's just a memecoin now. It just happens to be the biggest memecoin on the market. It's the one everyone knows about.

high_byte 5y ago
it's a memecoin like windows 95 is a memeos.
- UncleMeat 5y ago
  It was possible for Microsoft to ship Windows 98. Bitcoin is so ideologically fraught that there cannot really be a "Bitcoin 2" without some massive upheaval. If you invested in Microsoft in the mid 90s you'd be doing great. If you invested in literally Windows 95, oof.
wyldfire 5y ago
Bitcoin's biggest success was proving that a cryptocurrency could exist and have utility. In that, it's inspired the creation of many successors which are superior.
- betwixthewires 5y ago
  Yes but unfortunately it garnered significant network effects along the way and it is still more prominent than the myriad of superior implementations of the concepts it demonstrated.
- matheusmoreira 5y ago
  Yeah. The development of bitcoin was a historical event. As the first cryptocurrency it will always be important and remembered. However, it's time for it to die in order to make way for better projects like Ethereum and Monero.
nprz 5y ago

anonymoushn 5y ago

It's hardly trivial to accept dollars sir.