surgical_fire 1 day ago

A currency has to be accepted in order to perform its role.

Good luck buying groceries or paying the mortgage with Crypto.

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notpushkin 1 day ago

Which is why I have a couple bank accounts. If these banks decide they don’t want to work with me anymore (happened a couple times already), or if they decide they don’t want to send money to, say, a particular country (hint hint), I’ll have crypto as a last resort.

(You conveniently left out “cash” from your reply. Cash. I’ll buy groceries with cash, if I can’t use my card.)

johnisgood 1 day ago

There are some stores that do accept BTC, but it is not widespread. It is mostly coffee shops though, not grocery stores.

notpushkin 1 day ago

And it varies from country to country. (In any case, I wouldn’t use BTC for everyday purchases – it’s too volatile, and transfers are too expensive. As long as we’re stuck with fiat-based economy, stablecoins are the way to go, IMO.)

endre 1 day ago

there is invariably a vantage point at which non-fiat payments are accepted. this may be crypto, given that there is still infrastructure available for it to operate, but that's unlikely imo.

windward 1 day ago

I already can't buy things I want with Mastercard and Visa