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Personal anecdotes are nice, but it doesn't say much about the mainstream. I'm sure plenty of people have awesome anecdotes using crypto. You could also make

Personal anecdotes are nice, but it doesn't say much about the mainstream. I'm sure plenty of people have awesome anecdotes using crypto. You could also make a list of (investment) companies using bitcoin as a store of value. Or big companies accepting crypto: https://99bitcoins.com/bitcoin/who-accepts/ https://99bitcoins.com/bitcoin/who-accepts/ In Dubai houses are getting bought using crypto. In 25 years we can have the same discussion of "see, all these big companies were using crypto in 2022"

acdha 5y ago
It's not just personal anecdotes — you have conspicuously ignored all of the links you've been given to major business and mass media showing adoption. I've tried to assume good faith but to be honest this is reminding me a lot of when a creationist tries the “god of the gaps” technique trying to ignore the overwhelming evidence that their claim was wrong and instead tries to pick away at whatever small detail they think is easiest to attack. > I'm sure plenty of people have awesome anecdotes using crypto. Oddly, you have been unable to provide those examples. Odd that, especially since your “big companies” list includes some like Microsoft who backed away due to volatility and others who immediately convert it into hard currency as part of the payment process. There is nothing world-changing about something like VISA except with higher transaction fees, and none of those businesses would care if Bitcoin disappeared because it's just one of the many options their customers have available for payment. They'd remove a button on their website which a tiny fraction of people use and that'd be it. > In Dubai houses are getting bought using crypto. Same deal: they're treating those as cash payments because the cryptocurrency is liquidated before the deal closes, because it's not legally approved in the UAE. https://www.zawya.com/mena/en/business/story/Can_you_buy_property_in_Dubai_with_cryptocurrency-ZAWYA20210805045913/ https://www.zawya.com/mena/en/business/story/Can_you_buy_pro...

acdha 5y ago

It's not just personal anecdotes — you have conspicuously ignored all of the links you've been given to major business and mass media showing adoption. I've tried to assume good faith but to be honest this is reminding me a lot of when a creationist tries the “god of the gaps” technique trying to ignore the overwhelming evidence that their claim was wrong and instead tries to pick away at whatever small detail they think is easiest to attack. > I'm sure plenty of people have awesome anecdotes using crypto. Oddly, you have been unable to provide those examples. Odd that, especially since your “big companies” list includes some like Microsoft who backed away due to volatility and others who immediately convert it into hard currency as part of the payment process. There is nothing world-changing about something like VISA except with higher transaction fees, and none of those businesses would care if Bitcoin disappeared because it's just one of the many options their customers have available for payment. They'd remove a button on their website which a tiny fraction of people use and that'd be it. > In Dubai houses are getting bought using crypto. Same deal: they're treating those as cash payments because the cryptocurrency is liquidated before the deal closes, because it's not legally approved in the UAE. https://www.zawya.com/mena/en/business/story/Can_you_buy_property_in_Dubai_with_cryptocurrency-ZAWYA20210805045913/ https://www.zawya.com/mena/en/business/story/Can_you_buy_pro...