Someone once bought a pizza with them, but since that time their transactions have become too slow and their value too volatile to exchange them for anything so concrete.
I wish we could go back to the time when bitcoin was this crazy new currency and not a vessel for pump-and-dump schemes. It seems like such a cool idea, and I’d totally be on board with it due to the decentralization aspect (like I am with the fediverse) if it actually managed to be what it set out to be
It was never very suited as a currency, if by currency you mean a convenient medium of exchange. If by currency you mean a convenient medium of speculation and money laundering, I think it can be argued that was always the idea.
Well, technically, it is decent at being a currency even by your definition, just not in our society. I do think in something like a post apocalyptic world crypto would be a pretty good payment method, provided the technology worked to an extent where it would be possible to maintain.
I also refuse to believe it was invented to be speculative, I think it was basically a thought exercise to see if you could make a digital currency in a world where you can’t trust anyone.
Though the fact that right now it’s an unregulated currency that can be exchanged for regulated currency does allow for some pretty spectacular scams.
I wish we could go back to the time when bitcoin was this crazy new currency and not a vessel for pump-and-dump schemes. It seems like such a cool idea, and I’d totally be on board with it due to the decentralization aspect (like I am with the fediverse) if it actually managed to be what it set out to be
It was never very suited as a currency, if by currency you mean a convenient medium of exchange. If by currency you mean a convenient medium of speculation and money laundering, I think it can be argued that was always the idea.
Well, technically, it is decent at being a currency even by your definition, just not in our society. I do think in something like a post apocalyptic world crypto would be a pretty good payment method, provided the technology worked to an extent where it would be possible to maintain.
I also refuse to believe it was invented to be speculative, I think it was basically a thought exercise to see if you could make a digital currency in a world where you can’t trust anyone.
Though the fact that right now it’s an unregulated currency that can be exchanged for regulated currency does allow for some pretty spectacular scams.