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This isn't necessarily true. A lot of people have held crypto since you could purchase it for single digit American dollars because they believe in the fundamen
by idiotsecant 4y ago
This isn't necessarily true. A lot of people have held crypto since you could purchase it for single digit American dollars because they believe in the fundamental tenants of crypto - permissionless world financial exchange where the levers and dials of the economic systems are not controlled by world governments.
- Rebelgecko 4y agoIf they believed in crypto as a unit of financial exchange, wouldn't they be actually using it for transactions instead of going full-HODL?
- idiotsecant 4y agoCuyrrently (and at a few points in the past) it's a little hard because the value of crypto is fluctuating so wildly but a lot of early adopters have continuously been using and advocating adoption of crypto for a decade now.
- kayamon 4y agoThe moment Target start accepting Bitcoin/Lightning payments, yes, I'll be buying all my groceries via that thank you.
- jpambrun 4y agoIt is probably true that 99.9% of people with crypto use it as a speculative investment. The remaining 0.1% true crypto idealist may exist, but I have never met one. So it makes the previous statement very much mostly true. This type of disingenuous argument is why some of us rejoice at the crypto meltdown.
- randomhodler84 4y agoPleased to meet you jpambrun! I am one of those 0.1% idealists.
- idiotsecant 4y agoAs am I!
- bandrami 4y agoCan you name me a single good or service priced in BTC? If it's not a unit of account it can't be a store of value.
- randomhodler84 4y agoMy mate bought some beers for 87k sat the other day. A family member spent 40k sats on groceries a few months ago. I’m actually tracking it for art
- Zpalmtree 4y agoMost people in crypto I know like crypto and the cool tech it is developing, and also want to make money. What is wrong with that?
- jaywalk 4y agoThere's nothing wrong with wanting to make money. The problem is that many (most? the vast majority?) of the ways to make money with crypto are basically pyramid scheme-type scams.