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/biz/ - Business & Finance

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27461497 No.27461497 [Reply] [Original]

>cryptocurrency
>nobody uses it as currency

>> No.27461634

>>27461497
before the era of cheap money Keynesianism took over, one of the functions of money was that it could serve as a reliable SoV worth saving in. No one wants to spend bitcoin so there's no rush to develop and push the lightning network. There is no existential crisis for bitcoin as the cashies and ethies would have you believe.

>> No.27461884
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27461884

>>27461497
>Currency is something with value
>Crypto has value

Are you ok OP?

>> No.27461933

I call it a cryptoasset. Very autistic but it makes sense

>> No.27461962
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27461962

>>27461497
What if some kind of institution offered paper slips that were good for a certain amount of bitcoin? Then you could trade them without needing actual bitcoin

>> No.27462093

>>27461884
>enriched plutonium has value
>enriched plutonium is currency
>still can't buy groceries with enriched plutonium
>must be DA JOOOOOZ!

>> No.27462178

>>27461884
retard take

>> No.27462254

>>27461933
I like "crypto assets".
with NFTs becoming more prevalent it makes more sense too

>> No.27462402

>>27461497
I'm using BCH as currency a lot desu. the only one that cant be used are BTC, and now ETH1.0 cause fees.

>> No.27462591

>>27461497
Don't fuck with my internet points!
I wagecucked years of my life away for them.
My score gets bigger everyday, and I don't need paper hands like you trying to fuck with my head!

>> No.27462873

>>27461497
not in this phase of the adoption S curve

>> No.27462936

>>27462402
bch is even less accepted than btc in retail
payment providers that sell immediately and convert to usd don't count as adoption.

>> No.27463077

>>27461497
Do you need to use crypto, then look at DIA

>> No.27463140

>>27462936
>payment providers that sell immediately and convert to usd don't count as adoption.
retard

>> No.27463184

>>27462093
>¥ is currency
>still can't buy groceries with ¥ in France
>must be DA JOOOOOZ!

>> No.27463219

>>27462093
https://www.youtube.com/watch?v=ejCQrOTE-XA

>> No.27463402
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27463402

>>27463219
only the most fun part.. hopefully embedding works
https://www.youtube.com/watch?v=fWhOn5St3uM

>> No.27463472

>original poster
>isnt original

>> No.27463683

>>27463140
they simply don't it's just an other fancy centralized permissioned kyced phone paying app

>> No.27463916

>>27463683
It absolutely is. Who cares if the merchant is converting that crypto to fiat. The point is that millions can now pay their expenses using crypto instead of fiat.

>> No.27464035

>>27461497
Just buy illegal stuff on darkweb.

>> No.27464156

>>27461497
Cryptoasset

>> No.27464435

>>27461497
$MWG guys, its a new paradigm of crypto. Backed by gold reserves through the volume. Has like $80k reserves and it just started.
I'm not going to make a million /biz/ shill threads but honestly you guys deserve to know about it.
It has done a couple x's maybe 3 or 4 at most. You're not late.
Will it be #3 like Link? No, but you'll see it nearby up there.
/crumbs

>> No.27464582

> crypto
> size blockchain growth causes centralize
> 51% problem
> cut off blockchain before 50%
> the attack on new blockchain is even easier

Any questions?

>> No.27465813

>>27461497
my lil bitcoin stock doin sumn

>> No.27467248

>>27461497
>>nobody uses it as currency
You literally have no idea how early we are on this. By the time people are using this stuff as every day currencies things like Eth and LINK will be 1million plus. It'll be another 20 years though.

>> No.27467448

>>27467248
in 20 years it will not be different from a banking institution, bkockchain will be with companies

>> No.27467524
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27467524

>>27461497
>blocks your path

>> No.27467551

>>27462093
>still can't buy groceries with enriched plutonium
you can keep plutonium on binance and pay with binance visa card

>> No.27467574

>>27461497
imagine it being a joke in 2013, and now the government wants to tax people on their digital coins. no way to win man.

>> No.27467598

>>27461497
>It's a store of value
>That's what money is
>Btc isn't money
Lol

>> No.27467787
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27467787

>>27461497
>just bought 564oz of physical silver with USDC
yea i'm thinking we're back baby