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Crypto was supposed to be an alternative to all this but, well, look how that worked out. Bitcoin hasn't really changed in over a decade and is trading at all

Crypto was supposed to be an alternative to all this but, well, look how that worked out. Bitcoin hasn't really changed in over a decade and is trading at all time highs. What "didn't work out" in your mind?

dominojab 1y ago
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__MatrixMan__ 1y ago
It hasn't solved the problem it set out to solve. We still have to chose between untrustworthy middlemen for handling our payment infrastructure. It gave up a decade ago. I wouldn't call that "working out".
- staplers 1y ago
  have to chose Interesting oxymoron. If everyone used it what problems would remain?
  - deleted 1y ago
    [deleted]
egypturnash 1y ago
None of my clients can pay me for my work in bitcoin without first turning real money into bitcoin, with fees involved. I can't pay my rent with bitcoin without turning it into real money, with fees involved. I can't go to the market and buy food with bitcoin. I can't see someone begging outside Walgreens and help them out with some bitcoin. Bitcoin's also volatile enough that there's a significant risk of its value dropping on the floor between the time I receive it and try to use it. It's a fine Ponzi scam but it's utterly useless for replacing USD. Maybe you live somewhere that your landlord takes bitcoin, that's nice for you, my landlord wants USD. If you would like to fund me finding out if my landlord will actually take bitcoin if I ask nicely enough then please feel free to send a couple bitcoins to 3CzUW828J2u5wCB2xD4iE9kH8dPTokjxow.
- staplers 1y ago
  So you admit all of the problems would disappear if everyone used it?
  - egypturnash 1y ago
    Would everyone using it solve "the contents of my wallet fluctuate in value every day"?
    - andirk 1y ago
      I invested in a shitcoin called USD in 2013 and now it's worth a lot less. I invested in BTC in 2016 and now it's worth a lot more. Positives and negatives to fiat and crypto and none are immune to having issues.
    - staplers 1y ago
      Literally yes. There wouldn't be a fiat currency to fluctuate against.

dominojab 1y ago

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__MatrixMan__ 1y ago

It hasn't solved the problem it set out to solve. We still have to chose between untrustworthy middlemen for handling our payment infrastructure. It gave up a decade ago. I wouldn't call that "working out".

staplers 1y ago
have to chose Interesting oxymoron. If everyone used it what problems would remain?
- deleted 1y ago
  [deleted]

egypturnash 1y ago

None of my clients can pay me for my work in bitcoin without first turning real money into bitcoin, with fees involved. I can't pay my rent with bitcoin without turning it into real money, with fees involved. I can't go to the market and buy food with bitcoin. I can't see someone begging outside Walgreens and help them out with some bitcoin. Bitcoin's also volatile enough that there's a significant risk of its value dropping on the floor between the time I receive it and try to use it. It's a fine Ponzi scam but it's utterly useless for replacing USD. Maybe you live somewhere that your landlord takes bitcoin, that's nice for you, my landlord wants USD. If you would like to fund me finding out if my landlord will actually take bitcoin if I ask nicely enough then please feel free to send a couple bitcoins to 3CzUW828J2u5wCB2xD4iE9kH8dPTokjxow.

staplers 1y ago
So you admit all of the problems would disappear if everyone used it?
- egypturnash 1y ago
  Would everyone using it solve "the contents of my wallet fluctuate in value every day"?
  - andirk 1y ago
    I invested in a shitcoin called USD in 2013 and now it's worth a lot less. I invested in BTC in 2016 and now it's worth a lot more. Positives and negatives to fiat and crypto and none are immune to having issues.
  - staplers 1y ago
    Literally yes. There wouldn't be a fiat currency to fluctuate against.