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> If you just use cryptocurrency as a currency there's no problem at all. Apart from the delays in clearing transactions, the high volatility, the absence of l
by himinlomax 4y ago
> If you just use cryptocurrency as a currency there's no problem at all.
Apart from the delays in clearing transactions, the high volatility, the absence of legal recourse when things go wrong, the computer security risks, the high complexity and so on.
- superkuh 4y agoIt's definitely no panacea. I've been using it regularly (monthly or more) since 2014 or so to pay for online services like VPS and to buy computer hardware. It works well. And it works even better than fiat in situations where authoritarian governments force payment processors to embargo journalists critical of them, and other such situations. I'm not going to replace paying in cash for groceries with bitcoin. But it definitely has it's place as a currency. It's pretty annoying that the only things people ever hear cryptocurrency have almost nothing to do with cryptocurrency at all.