/biz/ - Business & Finance

[Anonymous No.20421157]

Why does literally nobody use cryptocurrency for what it was meant to be? A currency?

Everyone who even buys it just buys it for get rich quick schemes.

[Anonymous No.20421178]

>>20421157
jews and pajeets

[Anonymous No.20421182]

>>20421157
Cute couple

[Anonymous No.20421191]

>>20421157
bitcoin doesnt scale

[Anonymous No.20421206]

>>20421157

AAVE has a use, to borrow other coins.

So at least something is being used.

Some privacy coins are used to buy things, too.

[Anonymous No.20421223]

>han solo boots

[Anonymous No.20421304]

>>20421157
I know people who use Dash to buy drugs on deep web but other than we early af still

[Anonymous No.20421403]

>>20421157
Because crypto hasn't really been around that long at all in the grand scheme of things. It's still incredibly early when you zoom out and look at the entire history of finance. I would say in 10-20 years large banks will be much more involved, a lot of current issues will have been sorted out, and there will be much greater adoption than today.

[Anonymous No.20421438]

>>20421157
cute.
/pol/cels seething.

[Anonymous No.20421587]

>>20421157
WTF I went to that high school.

[Anonymous No.20421618]

>>20421157
darknet markets wouldn't and couldn't exist without bitcoin/crypto

[Anonymous No.20421669]

>>20421157
I have actually used CDC pay with CRO. Sometimes If i want to buy a book, I just pick up a gift card from the interest i earned.

[Anonymous No.20421685]

>>20421157
BTC was subverted by Blockstream so that Lightning Network would be used instead as a currency by the normies. Intentional high fees and long transaction times actively brought down adoption (like Steam removing BTC payments.)
And now with stablecoins around it's unlikely blockchain tokens will gain traction as currencies. In the long term, fiat may be phased out and crypto denominations will be valued by the utility that backs them, which is merely the cost of running the network with gas prices for something like Ethereum. There is no reason someone has to coalesce behind a single memecoin as a "store of value" for being non-inflationary when liquidity pools are getting better and better at integrating currencies and you have multiple non-inflationary utility tokens that are also backed by real services.

[Anonymous No.20421844]

>>20421182
>>20421438
>>20421618

[Anonymous No.20421883]

>>20421618

Yuck, it's always the fat ugly down syndrome bitch that needs attention.

[Anonymous No.20421886]

>>20421157
It is used as a currency in many cases, mainly a currency for data and transactions, of which there is more value than all the retail goods in the world. Unironically crypto will one day have a larger mcap than all current iterations of FIAT combined.

[Anonymous No.20421941]

>>20421157
People use it to transfer value or to buy services instead of via a bank, for now.

Later on people might use it to buy products from stores, depends if big businesses will embrace and adopt it.

[Anonymous No.20422073]

Bitcoin is a store of value not a currency. Nobody uses gold as a currency either. It is the fastest growing value store in history.

Ethereum is a decentralised network running at maximum capacity right now.

[Anonymous No.20422086]

>>20421886
>It is used as a currency in many cases, mainly a currency for data and transactions

[Anonymous No.20422111]

WHY IS THIS BOARD
LITERALLY LITERALLY DEADDEADDEADDEADDEADDEADDEADDEADDEADDEADDEADDEADDEADDEADDEADDEADDEADDEADDEADDEADDEADDEADDEADDEADDEADDEADDEADDEADDEADDEADDEAD

[Anonymous No.20422360]

Could you just imagine that big black alpha bull stud ravaging that little white slut.

[Anonymous No.20422491]

>>20421157
I buy silver with btc
Eth and xmr have real world uses too.

[Anonymous No.20422732]

simple, crypto is a poor currency.

- they're so many of them that compatibility is an issue
- transaction times are often too slow and transaction fees can be significant, both of which make it bad for small purchases
- every time a purchase is made, a taxable event has been created
- it's way too volatile, why would a seller accept bitcoin when it may tank 20% in the next day
- the buyer has absolutely no recourse if there's an issue with the product/service
- etc etc etc

[Anonymous No.20422761]

>>20421618

she already has aids and the clap

[Anonymous No.20422787]

>>20421157
Numerous issues leading to lack of adoptability that will be resolved within like 5 years.

blockchain tech doesn't scale, ADA wants to fix this

No connection to real world off blockchain information. LINK wants to fix this.

Far too volatile to be a reliable currency.
Tether and other coins want to fix this but nobody can agree how to do it and still keep it decentralized.

No inherent refund mechanic for most transactions/coins which is a problem when the whole POINT is to be able to operate in a trustless socieity.
Any smart contract coin like ether wants to fix this.

Once all these issues get fixed, cryptocurrency will be better than every other currency in the world and CAN'T be ignored.

[Anonymous No.20422814]

Youre a fucking retard if you think people don’t use it as currency. It is very commonly used as such, especially stablecoins

[Anonymous No.20422827]

i buy online handles with BTC/ETH
no other use

[Anonymous No.20422840]

>>20421157
i used to buy drugs with bitcoin all the time

[Anonymous No.20423640]

>>20421157
>Crypto Currency
Anon i..am in it for the ERC 20 tokens technology applications. BTC is really the only currency for digital assets

[Anonymous No.20423836]

>>20421157
You just know.

[Anonymous No.20423988]

>>20422073
Store of value cannot be the primary use case. It can't be a store of value without other use cases. Also a store of value doesn't lose half its value in a day.