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lottin commented that people don't use crypto as a currency, which is flat out wrong. Nothing you said changes that fact. Just because the majority uses it as a
by birracerveza 4y ago
lottin commented that people don't use crypto as a currency, which is flat out wrong. Nothing you said changes that fact. Just because the majority uses it as a speculative asset doesn't mean it's not being actively used as a currency.
- Bakary 4y agoI don't want to misrepresent their argument, and I don't want to go into a gotcha contest, but that's not what I got from the GP's comment. They said that bitcoin wasn't used the way dollars are used, which is different from saying that they are never used as currency. Currently, dollars are used as a currency first and an asset a distant second. Bitcoins and other crypto are used as an asset first and as currency a distant second. That might change, especially with Ethereum, but for now I agree with the GP that things are not looking rosy when it comes to functioning as an online dollar.