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Crypto is scam. Some people at Stripe are trying to capitalize on the hype. We'll see how it goes. Something can't be both a currency as well as a speculative
by yashg 4y ago
Crypto is scam. Some people at Stripe are trying to capitalize on the hype. We'll see how it goes.
Something can't be both a currency as well as a speculative asset. Bitcoin was conceived as a currency. It promised fast transaction, low fees and no central trust provider authority like a government or a bank. But it and countless other cryptos have morphed into something people speculate on for gains. There is still very little you can actually buy using crypto. It's useless as a medium of exchange (volatility, high fees, non-reversible, slow etc). The high volatility and lack of any underlying utility whic can give it a value means it is a ponzi scheme and only those who got in early will come out richer. Late entrants will end up holding bags of worthless digital tokens.
- rvz 4y agoAssuming you have read the whole article that I have linked [0], did it say or mention anything about 'Bitcoin' being used for payments there? [0] https://stripe.com/blog/expanding-global-payouts-with-crypto https://stripe.com/blog/expanding-global-payouts-with-crypto
- yashg 4y agoBitcoin is flag bearer for crypto and the first one in the long line of crypto "currencies"
- rvz 4y agoWe both know that it is the first, but that doesn't answer my question as that is irrelevant to my question: Did the article [0] say or mention anything about Stripe USING 'Bitcoin' for payments? [0] Or have you just admitted that YOU haven't even bothered to read beyond the headline of the article or even my comment and just quickly rushed to reply with a predictable 'CRYpTO iS sCAm' comment? [0] https://stripe.com/blog/expanding-global-payouts-with-crypto https://stripe.com/blog/expanding-global-payouts-with-crypto