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I don’t need to do that. But it’s an accepted currency, so why shouldn’t I use it when it’s offered?

im_down_w_otp 4y ago
Well, purportedly BTC is a high-yield investment asset, so paying for things in it instead of regular money, which is purportedly a negative yield (e.g inflation) asset, makes way less financial sense. Though this does highlight one of the things that's never made sense to me about this entire ecosystem. Something that's a high-yield asset is a terrible currency because you're basically punishing your future self for spending it on mundane stuff.
- mccorrinall 4y ago
  While other treat bitcoin as an investment, I treat it as a way to send money without getting censored and without supporting PayPal and VISA/MasterCard. It’s an idealistic thing (which is probably the reason why I only pay products worth 100-200$/month in BTC. I obviously don’t pay my rent, my car etc in BTC). For me it’s just an alternative to cash, which I also use for smaller purchases — cash is „gelebte Freiheit“. Honestly, I’d also prefer to use GNU Taler instead of bitcoin, but unfortunately GNU Taler never gained any traction.
  - randomhodler84 4y ago
    Never liked the one way privacy of it, and it’s not a coin. It also adds nothing you don’t get already in the underlying cryptocurrencies. It’s a payment protocol for arbitrary assets. You can pay in Bitcoin via Taler. I don’t think it will gain traction. The best payment protocol for Bitcoin today is Lightning Network, and is as open, and more sophisticated than GNU Taler ever was. Yes, I ack that BTC is pubkeyhash and scripthash pseudononymous are not private.
- randomhodler84 4y ago
  High Yield? No way. Bitcoin can only be mined. It returns nothing. It’s a boring rock that can be transmitted over a communication channel. You have the same number of Bitcoins today, next half, next generation (provided you don’t lend or sell them). Other PoS shitcoins could be considered high yield, in fact the yield is algorithmic and is independent of market value (which is an odd concept, as other reg high yield products will return capital explicitly to satisfy a yield.) Taken further, yield may well be the “scam”. Bitcoin provides none of this.
roflyear 4y ago
The conversation is about problems that BTC solves.

Well, purportedly BTC is a high-yield investment asset, so paying for things in it instead of regular money, which is purportedly a negative yield (e.g inflation) asset, makes way less financial sense. Though this does highlight one of the things that's never made sense to me about this entire ecosystem. Something that's a high-yield asset is a terrible currency because you're basically punishing your future self for spending it on mundane stuff.

mccorrinall 4y ago
While other treat bitcoin as an investment, I treat it as a way to send money without getting censored and without supporting PayPal and VISA/MasterCard. It’s an idealistic thing (which is probably the reason why I only pay products worth 100-200$/month in BTC. I obviously don’t pay my rent, my car etc in BTC). For me it’s just an alternative to cash, which I also use for smaller purchases — cash is „gelebte Freiheit“. Honestly, I’d also prefer to use GNU Taler instead of bitcoin, but unfortunately GNU Taler never gained any traction.
- randomhodler84 4y ago
  Never liked the one way privacy of it, and it’s not a coin. It also adds nothing you don’t get already in the underlying cryptocurrencies. It’s a payment protocol for arbitrary assets. You can pay in Bitcoin via Taler. I don’t think it will gain traction. The best payment protocol for Bitcoin today is Lightning Network, and is as open, and more sophisticated than GNU Taler ever was. Yes, I ack that BTC is pubkeyhash and scripthash pseudononymous are not private.
randomhodler84 4y ago
High Yield? No way. Bitcoin can only be mined. It returns nothing. It’s a boring rock that can be transmitted over a communication channel. You have the same number of Bitcoins today, next half, next generation (provided you don’t lend or sell them). Other PoS shitcoins could be considered high yield, in fact the yield is algorithmic and is independent of market value (which is an odd concept, as other reg high yield products will return capital explicitly to satisfy a yield.) Taken further, yield may well be the “scam”. Bitcoin provides none of this.

roflyear 4y ago

The conversation is about problems that BTC solves.