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No, this is a crypto"currency" fanboi's version, sorry. Everyone wants to transfer money except a vanishingly small percentage of the population who wants to u
by chx 4y ago
No, this is a crypto"currency" fanboi's version, sorry.
Everyone wants to transfer money except a vanishingly small percentage of the population who wants to use these things. Aside from a rounding error, no one even understands what they are or how to use them. I get invoiced for services in money, I pay my taxes in money. There's nothing else.
This has been the favorite poster child of bitcoin shills but it's been, again, thirteen years and it still doesn't work so much that there has not even been a credible attempt making it work.
- luckylion 4y ago"It doesn't work"? I've bought stuff and paid with bitcoin just yesterday. It worked fine. That you and a majority of the population have no use for it doesn't mean that it doesn't work. It works for the people who use it, and it solves problems for them. You're not one of them. That's fine, not everything has to include you to be useful.
- gilrain 4y agoLet’s keep irreversibly destroying our ecology and economy because dozens of people manage to buy wool socks and pizza with Bitcoin.
- mrguyorama 4y agoThe grocery store won't accept my bitcoin. Steam won't accept my bitcoin. My landlord won't accept bitcoin. The coffee shop won't accept bitcoin. Who does? People who sell bitcoin hardware and one small tourist shop in colorado that sells christmas ornaments. Wow, what utility!
- luckylion 4y agoMy landlord won't accept bitcoin either, but I'm perfectly fine with just using my bank account to let them take the money out of my account. It's easy, convenient and just works, they even have an account at the same bank I have mine. I also occasionally spend money at international businesses on things PayPal, VISA and MC aren't fond of, so short of putting bills into an envelope and sending them it's difficult to do. Crypto solves that for me. It's quick and I don't need anyone's approval of the industry I'm spending money on. It's like cash for local shopping, minus the large acceptance. I'd love to see more businesses use crypto, and for it to be less roller-coaster-y, and to have less energy waste etc, but it is what it is, and it still works for me.
- chx 4y ago> I also occasionally spend money at international businesses on things PayPal, VISA and MC aren't fond of, so short of putting bills into an envelope and sending them it's difficult to do. Not at all, a simple wire works , yes , even for porn.
- luckylion 4y agoSure, it does. But it takes a lot more time to arrive (which is the whole reason of existence of SOFORT, which logs into your banking account, assures you have the funds and triggers the transfer and then tells the recipient that it's safe to assume the money will arrive in a day or three) and you need the recipient's bank details, which is a problem in the US, because of identity theft and dumb regulation around it. That's getting better, and some day it will probably work globally and near-instant, but we're not there yet.
- kayamon 4y agoI was looking for apartments recently and I saw one that took rent in Bitcoin.
- mrguyorama 4y agoI wouldn't trust that situation even if I got everything in writing.
- chx 4y ago> "It doesn't work"? I mean international money transfer using Bitcoin doesn't work. Currently Wise leads in the international money transfer business and something even better Bitcoin should have arisen if the crypto bros' claims were true -- but there's nothing.