Comment on U.S. Government Removes Tornado Cash Sanctions
dhork@lemmy.world 5 weeks agoI’ve used crypto for legitimate transactions in the past. It bailed me out once, big time, when I had to top up a foreign SIM card while abroad and their website wouldn’t take ny US credit card. I found a site selling top-up codes that took crypto and sent some from my phone, and I was back in business. But this was back when people were still using it to transact.
The worst thing that ever happened to law-abiding people using crypto was when it’s price zoomed up. Because for all those early adopters, every individual transaction now has a considerble capital gain attached. That’s why people don’t spend crypto anymore, because it’s been turned by the market into a Store of Value. (And by developers, but that’s a different thread).
Alphane_Moon@lemmy.world 5 weeks ago
This is not a serious example in terms of scale and market share.
My point stands,
dhork@lemmy.world 5 weeks ago
Well, nothing anyone says is going to convince you, because you’re obviously correct. How silly of me to question you!
Alphane_Moon@lemmy.world 5 weeks ago
Totally, your top up example is so relevant! It’s a major part of economic activity!
The true killer use case for crypto?
WhyJiffie@sh.itjust.works 5 weeks ago
no one’s opinion and experiences count until they buy at least 10 pallet of toilet paper every week! wait, even that is not major in even your country’s economy so bad luck…
Kraven_the_Hunter@lemmy.dbzer0.com 5 weeks ago
You are what we like to call “confidently incorrect”.
Well, when we’re trying to be nice, anyway.