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Sure but the USD has two order of magnitude more total value, and probably more than that in day to day usage. So there's an implicit question there which appa

by aydyn 2y ago

Sure but the USD has two order of magnitude more total value, and probably more than that in day to day usage. So there's an implicit question there which apparently you and everyone else missed.

acdha 2y ago
Why do you think the USD has so many orders of magnitude usage? Nobody missed the question, that was the point: for currencies, stability is what makes them useful. You don’t have an incentive to hoard dollars hoping they’ll go up in value, so you spend them and boost the economy. Other countries use dollars because they have the same benefit: I can write a contract with you saying what we’ll pay over the next year and be confident that neither of us is going to be widely inconvenienced by the kind of swings Bitcoin has. Remember that guy who spent 100BTC on a pizza? It’s a funny story but that’s why nobody uses Bitcoin for normal transactions.
- aydyn 2y ago
  > Why do you think the USD has so many orders of magnitude usage? Nobody missed the question, that was the point: for currencies, stability is what makes them useful. Hint: cause and effect. You did miss the point and still do probably.
  - noirbot 2y ago
    Gotta love crypto people putting "looking smarter than you" over actually explaining what it is they mean. If you've got a point to make, don't just hint at it, say something and then we can have a discussion. This just makes you look petty and like you're only in it to stroke your own ego.
    - aydyn 2y ago
      > Gotta love crypto people putting "looking smarter than you" Oh I'm sorry, that was your shtick. Apologies! Also, I'm not a crypto person, I made some gains and sold a long time ago. I just have to laugh that you think one pointing out that an argument is weak makes one a part of the opposite tribe.
      - noirbot 2y ago
        Then maybe you should explain the point you're trying to make instead of just hinting at it? I didn't even specify if I thought you were pro or anti crypto - I just find that most conversations around crypto are dominated by statements of "the other side of this just doesn't understand basic facts like I do" instead of actually stating what the facts are and how they apply to the situation that would help someone learn what's being discussed. I may very well be the stupid one here, and you may be quite a bit smarter than me, but I don't know because I still don't know the point you're hinting at making.
  - acdha 2y ago
    Can you share the point you think people are missing?

by aydyn 2y ago

Sure but the USD has two order of magnitude more total value, and probably more than that in day to day usage. So there's an implicit question there which apparently you and everyone else missed.

acdha 2y ago

Why do you think the USD has so many orders of magnitude usage? Nobody missed the question, that was the point: for currencies, stability is what makes them useful. You don’t have an incentive to hoard dollars hoping they’ll go up in value, so you spend them and boost the economy. Other countries use dollars because they have the same benefit: I can write a contract with you saying what we’ll pay over the next year and be confident that neither of us is going to be widely inconvenienced by the kind of swings Bitcoin has. Remember that guy who spent 100BTC on a pizza? It’s a funny story but that’s why nobody uses Bitcoin for normal transactions.

aydyn 2y ago
> Why do you think the USD has so many orders of magnitude usage? Nobody missed the question, that was the point: for currencies, stability is what makes them useful. Hint: cause and effect. You did miss the point and still do probably.
- noirbot 2y ago
  Gotta love crypto people putting "looking smarter than you" over actually explaining what it is they mean. If you've got a point to make, don't just hint at it, say something and then we can have a discussion. This just makes you look petty and like you're only in it to stroke your own ego.
  - aydyn 2y ago
    > Gotta love crypto people putting "looking smarter than you" Oh I'm sorry, that was your shtick. Apologies! Also, I'm not a crypto person, I made some gains and sold a long time ago. I just have to laugh that you think one pointing out that an argument is weak makes one a part of the opposite tribe.
    - noirbot 2y ago
      Then maybe you should explain the point you're trying to make instead of just hinting at it? I didn't even specify if I thought you were pro or anti crypto - I just find that most conversations around crypto are dominated by statements of "the other side of this just doesn't understand basic facts like I do" instead of actually stating what the facts are and how they apply to the situation that would help someone learn what's being discussed. I may very well be the stupid one here, and you may be quite a bit smarter than me, but I don't know because I still don't know the point you're hinting at making.
- acdha 2y ago
  Can you share the point you think people are missing?