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It’s been 15 years and nobody still uses cryptocurrency to pay for stuff. And as you say, that’s the point of money. So maybe, just maybe crypto is actually no
by pavlov 3y ago
It’s been 15 years and nobody still uses cryptocurrency to pay for stuff. And as you say, that’s the point of money.
So maybe, just maybe crypto is actually not very good as money, which is why people have been increasingly desperate to invent new stories to keep someone paying real money for crypto (digital gold, NFTs, etc.)
- ben_w 3y agoMost people don't use cryptocurrency to pay for stuff, but back when I lived in Cambridge there was a nice pub where you could buy your pizza with it, and last week here in Berlin I passed a Subway[0] that let you pay for your sandwich in BTC. Or at least it said it did, BTC by itself is a terrible idea[1]. [0] And a subway. Except the subway was elevated and the "proper" railway was submerged (but not covered): https://www.google.com/maps/search/S%2BU+Schönhauser+Allee+(Berlin)/@52.5493205,13.4111448,758m/data=!3m2!1e3!4b1?entry=ttu https://www.google.com/maps/search/S%2BU+Schönhauser+Allee+(... [1] And to shortcut the conversation: Alice: *something about payment layers*, Bob: *how payment layers destroy the one thing BTC actually does provide*
- vidarh 3y agoI paid for something with crypto just two days ago. I don't do many transactions with crypto, because most of the time it's easier to just use my cards, but on occasion it's handy. Frankly, it works well, but it's not user-friendly for non-technical users still.
- lazide 3y agoSo basically unless the existing financial system gets really broken, it’s not worth using?
- vidarh 3y agoIt's been worth using for me when I've used it, just not very often.
- simonh 3y agoI would contend that being friendly for non-technical users is a necessary condition to consider it working well. It clearly works, nobody is saying it doesn't.
- cherryteastain 3y agoI'm writing this post over a VPN subscription I bought using BTC, paid from my wallet. It was as painless as putting in credit card details.
- simonh 3y agoYou are not addressing the point. There's a wold of difference between usable for something, and it being a good use case. You can go shopping in a monster truck, but that doesn't mean it's a good general use case for monster trucks in society.
- cherryteastain 3y agoWhy is it a bad use case? It was literally as convenient as any credit/debit card transaction.
- pixl97 3y agoBecause when it comes to fraud, myself and the average person tend to have a lot of protection against fraudulent actors. “caveat emptor” is a very poor society wide model.
- matheusmoreira 3y agoI've gotten paid for services via Monero. It works surprisingly well. Just start using it.
- callalex 3y agoAnd what did you do with that Monero after you received it?
- matheusmoreira 3y agoTried to find stuff to buy with it. Didn't find anything, sadly. I want people to start using it because then I can pay them with crypto too.