@AmericanScream I don’t think that’s right.
An enormous function of Bitcoin is that since you control your wallet you can spend without relying on anyone else disappearing.
@volkris Let's not pretend bitcoin is "money." It's not. Whatever you have in your digital wallet still needs to be converted into actual money to be "spent" anywhere meaningful.
@AmericanScream you say that and yet I spend Bitcoin on meaningful things often enough.
Maybe you don’t, maybe your experiences are kind of narrow, but if you’re interested in this topic, then I think you probably need to know that people do spend Bitcoin meaningfully without converting it to something else.
I’ve bought everything from food to landscaping services paying in Bitcoin without any conversion, just off the top of my head.
@AmericanScream prove the rule?
No the exception disproves what you said!
Maybe YOU can’t really use crypto for anything day to day, but be careful about projecting your own personal experiences on everybody else and making assumptions based on that.
In the end you’re not going to convince anybody of your perspective when it requires us to ignore our own experiences that don’t line up with what you’re saying.
You just end up sounding uninformed.
@volkris By the way, just because you can find some people to accept bitcoin, it doesn't mean it makes practical or economic sense. You can mow your lawn with a pair of scissors too, if you're into that type of "efficient transactions."
@AmericanScream sure it made economic sense. How do I know? Because it resulted in economic activity that left all parties better off.
Just like any other monetary transaction.
@volkris Another vague, ambiguous response that's incapable of being qualified as true/false.
This is why "The Ultimate Crypto Question" remains un-answered after 15 years: Name one, specific, non-criminal thing blockchain is better at than existing non-blockchain tech."
Nobody can answer that. All you can do is make vague references to "use cases" where two self-interested parties imply they found it useful. That's not innovation. That's marketing propaganda.
@volkris The exception doesn't prove the rule. Other than illegal drugs, shady internet services, CSAM and a coffee here or there, you can't really use crypto for anything day-to-day.
And no, crypto credit cards aren't the same thing. You're wasting money to use crypto to pay merchants in fiat.