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Matúš Maštena @lemmy.world to Privacy@lemmy.ml · 2 years ago

We have this Monero sticker at every electric substation in the school.

lemmy.world

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We have this Monero sticker at every electric substation in the school.

lemmy.world

Matúš Maštena @lemmy.world to Privacy@lemmy.ml · 2 years ago
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  • Rumblestiltskin@lemmy.ca
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    2 years ago

    Cryptocurrencies are definitely not great currencies but they are definitely already used as currency by many people.

    • Sylvain Cloutier 🍁@social.vivaldi.net
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      2 years ago

      @Rumblestiltskin @TootSweet #BTC is a bad currency, but others can be great!

    • TootSweet@lemmy.world
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      2 years ago

      Three seconds of googling (well, I used DuckDuckGo, but anyway) suggests otherwise.

      • Rumblestiltskin@lemmy.ca
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        2 years ago

        Can you show me what says that?

        • TootSweet@lemmy.world
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          2 years ago

          Search results on DuckDuckGo for the search term "does anybody use cryptocurrency as currency". The top result is an article on decrypt.co named "The Truth About Bitcoin: People Aren't Using It As Currency." Part of the text of the article is also visible below the title. "In brief. Bitcoin was originally billed as 'a peer-to-peer electronic cash system,' but most cryptocurrencies aren't used for payments. Surveys have shown that the majority of Bitcoin is held for speculative purposes. While some retailers accept Bitcoin, purchases have suffered from higher drop-out rates than cards and cash payments."

          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@lemmy.ca
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            2 years ago

            Somebody’s opinion. Nice

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