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A crypto exchange or vpn is not quite the same as a store that sells goods like groceries, clothes or electronics or services like a lawyer's time, a doctor's v

by IncRnd 4y ago

A crypto exchange or vpn is not quite the same as a store that sells goods like groceries, clothes or electronics or services like a lawyer's time, a doctor's visit or a haircut. I don't see any mainstream websites listed on that website. Regular people are unable to use crypto as money for regular things.

monero-xmr 4y ago
VPN industry is multi-billion, crypto exchanges are multi-billion, hosting is multi-billion. These are real industries - I mean a lot of people on HN are employed in companies that support and provide data / server hosting. It starts with digital services and it spiders out from there. Enthusiasts who own retail stores accept crypto as a novelty or marketing strategy, but in 25 years it could be much more common.
- Kye 4y ago
  >> "It starts with digital services and it spiders out from there." Silk Road was 11 years ago. When?
  - monero-xmr 4y ago
    The first electric car was made over 100 years ago and they are still only a fraction of all the cars on the road. Revolutionary tech doesn’t always take over in 10 years let alone 100.
    - IncRnd 4y ago
      You're pushing a fake, invented history. Electric cars existed in the 1830's - about 200 years ago and 52 prior to gasoline powered cars. Electric cars were supplanted by gasoline powered cars. It's NOT that they just haven't caught on, yet.
- IncRnd 4y ago
  None of that actually applies to this discussion, which is about crypto not being money. The example given for crypto being money was a website that listed things that are not goods and services people use to live their lives. The goods that people use to live are not vpns and secret crypto exchanges but groceries, automobiles, clothing, doctor appointments, etc. If you have some other list of goods and services that people can repeatedly and reliably purchase using crypto, you can provide that to show that crypto is money. The earlier list is almost entirely crypto exchanges and vpns, which is hardly a useful list of goods and services for normal day to day products that people use. If you can't purchase goods and services with crypto, crypto is not money.

by IncRnd 4y ago

monero-xmr 4y ago

VPN industry is multi-billion, crypto exchanges are multi-billion, hosting is multi-billion. These are real industries - I mean a lot of people on HN are employed in companies that support and provide data / server hosting. It starts with digital services and it spiders out from there. Enthusiasts who own retail stores accept crypto as a novelty or marketing strategy, but in 25 years it could be much more common.

Kye 4y ago
>> "It starts with digital services and it spiders out from there." Silk Road was 11 years ago. When?
- monero-xmr 4y ago
  The first electric car was made over 100 years ago and they are still only a fraction of all the cars on the road. Revolutionary tech doesn’t always take over in 10 years let alone 100.
  - IncRnd 4y ago
    You're pushing a fake, invented history. Electric cars existed in the 1830's - about 200 years ago and 52 prior to gasoline powered cars. Electric cars were supplanted by gasoline powered cars. It's NOT that they just haven't caught on, yet.
IncRnd 4y ago
None of that actually applies to this discussion, which is about crypto not being money. The example given for crypto being money was a website that listed things that are not goods and services people use to live their lives. The goods that people use to live are not vpns and secret crypto exchanges but groceries, automobiles, clothing, doctor appointments, etc. If you have some other list of goods and services that people can repeatedly and reliably purchase using crypto, you can provide that to show that crypto is money. The earlier list is almost entirely crypto exchanges and vpns, which is hardly a useful list of goods and services for normal day to day products that people use. If you can't purchase goods and services with crypto, crypto is not money.