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> It has been the equivalent of money for 10 years now Can I buy my groceries with it? I haven't seen an option to pay my rent, either. What about my water bil
by devest8or 5y ago
> It has been the equivalent of money for 10 years now
Can I buy my groceries with it? I haven't seen an option to pay my rent, either. What about my water bill?
I wouldn't exactly say it's the equivalent of money.
- smt88 5y agoIt's also deflationary, which means you'd be stupid to spend it as money if you had an inflationary asset (like, you know, actual money) to spend instead.
- kranke155 5y agoDepends on the crypto asset.
- berberous 5y agoYes — there are debit cards that will deduct from your crypto balance. These were traditionally not so helpful since crypto is volatile and each transaction incurred a capital gain/loss, but new cards can be backed by stable coins like USDC. Also, can you pay your rent with Euros? Does that make it not money? That’s not a very principled definition.
- dragonwriter 5y ago> Also, can you pay your rent with Euros? Uh, yes? I mean, assuming the rent is for a place somewhere in the Eurozone, I imagine that's usually preferred.
- e-clinton 5y agoI can’t do any of those things with Euros here in the states… does it make the Euro not money? Go down the equator and it’s an official currency