3 ms·

There are this things called "Exchanges" in every airport in the world. With the US dollar, Euro and some others, the world is your casino (following the compa

There are this things called "Exchanges" in every airport in the world. With the US dollar, Euro and some others, the world is your casino (following the comparison) and you can trade all of them. Same with gold and silver (although this are a bit harder to trade). Hell, try to pay a taxi in Djibouti, Sao Paolo or Islamabad with a BTC or USD and see which they'll accept and which will get you kicked out.

vmception 5y ago
> try to pay a taxi in Djibouti, Sao Paolo or Islamabad with a BTC or USD and see which they'll accept and which will get you kicked out. Even though the "merchant adoption" meme is the least interesting part of any asset, currency or potential payment method, the question is where does the goal post move when you can do that? Can you give us a preview of what your next goal post is?
- WastingMyTime89 5y ago
  I mean that’s the definition of currency not really moving the goal post: store of value, unit of account and mean of exchange. At this point, I am not sure bitcoin even ticks one. It’s an asset with a volatile price. It is not a currency.
  - MCneill27 5y ago
    Bitcoin !== Cryptocurrency But yes, I agree with you about BTC.
hnarn 5y ago
There's no need to be snarky, I know perfectly well that exchanges exist which isn't contrary to what I wrote in any way. I said: > every type of payment is dependent on a “casino”, they just vary in size So yes, in general terms it's easier to pay with USD than BTC because the “casino” is larger. That's exactly what I wrote. The point is that you cannot carry only USD and expect to be able to pay with it anywhere in the world, just as you cannot carry BTC or silver bars anywhere and expect to be able to pay with them. “The world” is most definitely not your casino with cash USD, EUR or any other major currency if you are not in an area of the world where they are commonly accepted.

vmception 5y ago

> try to pay a taxi in Djibouti, Sao Paolo or Islamabad with a BTC or USD and see which they'll accept and which will get you kicked out. Even though the "merchant adoption" meme is the least interesting part of any asset, currency or potential payment method, the question is where does the goal post move when you can do that? Can you give us a preview of what your next goal post is?

WastingMyTime89 5y ago
I mean that’s the definition of currency not really moving the goal post: store of value, unit of account and mean of exchange. At this point, I am not sure bitcoin even ticks one. It’s an asset with a volatile price. It is not a currency.
- MCneill27 5y ago
  Bitcoin !== Cryptocurrency But yes, I agree with you about BTC.

hnarn 5y ago

There's no need to be snarky, I know perfectly well that exchanges exist which isn't contrary to what I wrote in any way. I said: > every type of payment is dependent on a “casino”, they just vary in size So yes, in general terms it's easier to pay with USD than BTC because the “casino” is larger. That's exactly what I wrote. The point is that you cannot carry only USD and expect to be able to pay with it anywhere in the world, just as you cannot carry BTC or silver bars anywhere and expect to be able to pay with them. “The world” is most definitely not your casino with cash USD, EUR or any other major currency if you are not in an area of the world where they are commonly accepted.