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.
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.”
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.
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.
Cryptocurrencies are definitely not great currencies but they are definitely already used as currency by many people.
@Rumblestiltskin @TootSweet #BTC is a bad currency, but others can be great!
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.”
Somebody’s opinion. Nice
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.