Weird, my landlord only takes fiat. So does my grocer. And in a funny coincidence I had to pay fiat to my government this year or face legal consequences. But at no point has anything I’ve wanted required me to use a highly volatile or deflationary cryptocurrency such as bitcoin. Oh well I guess I might get in trouble tonight when I go out with my wife and get told they don’t take fiat because it’s dead.
In my country they aren’t. They’re foreign currency. I get mad if someone slips me them instead of using our currency.
And yes it’s irrelevant how much a bitcoin is worth to its use as a currency. Currency and investment vehicles are actually conflicting concepts. I don’t want to use my mutual fund to pay taxes. It’s supposed to get added to consistently for a long time then removed from. Currency is for transactions. Bitcoin is bad at transactions.
I agree that bitcoin is currently not good for transactions. There is the lightning network and other cryptos, but Bitcoin is more of a staple name than seemingly the real solution.
Isn’t crypto dead yet?
Fiat is
Weird, my landlord only takes fiat. So does my grocer. And in a funny coincidence I had to pay fiat to my government this year or face legal consequences. But at no point has anything I’ve wanted required me to use a highly volatile or deflationary cryptocurrency such as bitcoin. Oh well I guess I might get in trouble tonight when I go out with my wife and get told they don’t take fiat because it’s dead.
Your landlord doesn’t accept Pesos so I guess that’s not real money either
In my country they aren’t. They’re foreign currency. I get mad if someone slips me them instead of using our currency.
And yes it’s irrelevant how much a bitcoin is worth to its use as a currency. Currency and investment vehicles are actually conflicting concepts. I don’t want to use my mutual fund to pay taxes. It’s supposed to get added to consistently for a long time then removed from. Currency is for transactions. Bitcoin is bad at transactions.
I agree that bitcoin is currently not good for transactions. There is the lightning network and other cryptos, but Bitcoin is more of a staple name than seemingly the real solution.