Yeah, but in order to work as a private means of payment, cryptocurrencies first have to work as a means of payment (you know… as a “currency”). Until/unless they do, they’ll remain gambling with extra steps.
not certain if i understand your comment correctly but crypto has been used primarily as a form of payment for years before the recent boom. not for groceries or other “real life” stuff, sure, but online people did start to warm up to cryptocurrencies as a payment option.
As I’ve said in other comments in this thread, everything I’ve been able to find on the topic has indicated that cryptocurrency is used much more as a speculative investment than as any form of payment.
That’s a pro-cryptocurrency source. Scanning down the page, the first result from a source I recognize is an article called “Bitcoin Is A Cryptocurrency, But Is It Money?” from Forbes. It doesn’t directly answer the question my search term asked, but it does say “Economists say that money performs three functions. … Does Bitcoin do any or all these things? In brief, no.”
Yeah, but in order to work as a private means of payment, cryptocurrencies first have to work as a means of payment (you know… as a “currency”). Until/unless they do, they’ll remain gambling with extra steps.
not certain if i understand your comment correctly but crypto has been used primarily as a form of payment for years before the recent boom. not for groceries or other “real life” stuff, sure, but online people did start to warm up to cryptocurrencies as a payment option.
As I’ve said in other comments in this thread, everything I’ve been able to find on the topic has indicated that cryptocurrency is used much more as a speculative investment than as any form of payment.
These days yes, which is a shame. But it was used primarily as payment before the financebros caught wind of it.
Cryptocurrencies are definitely not great currencies but they are definitely already used as currency by many people.
Three seconds of googling (well, I used DuckDuckGo, but anyway) suggests otherwise.
Can you show me what says that?
That’s a pro-cryptocurrency source. Scanning down the page, the first result from a source I recognize is an article called “Bitcoin Is A Cryptocurrency, But Is It Money?” from Forbes. It doesn’t directly answer the question my search term asked, but it does say “Economists say that money performs three functions. … Does Bitcoin do any or all these things? In brief, no.”
@Rumblestiltskin @TootSweet #BTC is a bad currency, but others can be great!