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I have paid with crypto (including UST): my dentist, my employees, my house, food. So crypto is "useful", since "useful" = "being able to buy things" by your
by wvlia5 4y ago
I have paid with crypto (including UST): my dentist, my employees, my house, food.
So crypto is "useful", since "useful" = "being able to buy things" by your definition
- sanderjd 4y agoI just answered the question. Fiat currency is clearly useful, because it is used to pay for all the things people need. It's really pretty straightforward. What I would say about cryptocurrency is that it is somewhat useful by this definition, but much less so. With some effort I can pay for food, but it would require a lot of effort to use it to pay for shelter, and it is not legal to use it to pay taxes. Its usefulness is a small subset of the usefulness of fiat currency.