Can I buy a pizza with it or pay my bills with it? Can my employer pay me in it? Or is it just an “emperor’s new clothes” thing? I just don’t see the tangible value in it. Rhetorical questions, BTW, I know you can’t buy a pizza with it, at least outside of some edge cases that I’m not aware of.

I thought what made money money was everyone agreed it was valuable and was willing to exchange it for goods and services directly. I don’t see that with crypto.

  • Atelopus-zeteki@fedia.io
    27·
    2 days ago

    And BTC went from approximately zero to approximately $100K over that time. What else are you advising against at this time? To be honest, I had read an article on cryptocurrency somewhere around '09, and thought, “wow, this is where currency is headed!” I asked a friend who was a nerdy computer programmer type, and he said it was like tulip mania in The Netherlands, so I didn’t invest. Sigh.

    From Investopedia: (https://www.investopedia.com/what-can-you-buy-with-bitcoin-5179592) - since I don’t know everything, and nobody else has said this…

    *Bitcoin launched in 2009, enabling transactions via crypto debit cards linked to Mastercard and Visa

    *Bitcoin can purchase products like electronics, luxury watches, and cars.

    *The SEC approved the first U.S. spot Bitcoin ETFs in January 2024.

    *PayPal lets users buy, sell, and hold cryptocurrency in their accounts.

    *Cryptocurrency debit cards offer an easy way to use Bitcoin for purchases.