It is.
Yes, cryptocurrencies are used for buying goods and services.
Third, energy consumption is a great point if you ignore the material resource acquisition cost, worker cost, production cost, sundry cost, hardware cost, conventional debit and credit fees, service personnel cost, data centers, servers, and telecommunication network costs of conventional currency infrastructure.
Yeah, if we ignore all of that, then the resource consumption of a single energy intensive cryptocurrency seems high.
TheGrandNagus@lemmy.world 7 months ago
No no no. Cryptocurrencies aren’t used for buying goods and services outside of extremely fringe scenarios.
People trade them like they do stocks. You can pretend that’s not the case all you want, but you know it to be true.
I can’t go to Aldi and pay for my shopping with bitcoin or whatever shitcoin you hold. I can’t pay my bills with it. I can’t go get a haircut with it.
All I can do is treat it like a stock.
I’m not ignoring any of that. Crypto still uses far more, and to top it all off, isn’t even used as a currency.
You cryptobros have been saying crypto will replace real currency any day now for years. It’s not happening. Sorry to burst your bubble.
Varyk@sh.itjust.works 7 months ago
Yes, you can buy groceries or a haircut with cryptocurrency.
Because most of them are less than a decade old, it isn’t as widespread as many more established currencies, but you can absolutely buy groceries by a haircut, eat at Burger King, buy a house, buy a car, pay utility bills, obviously pay for various forms of entertainment like twitch, newegg, there’s tons of stores that you can use cryptocurrency.
And you can also buy gift cards with cryptocurrency that you can use for literally anything obviously.
It’s fine if you don’t like it, but people are using it as a currency to purchase any type of material good you would purchase with conventional currency.
You keep throwing your tantrum about how cryptocurrency is going nowhere while it grows by 100 million per year and many of the world’s governments are developing and purchasing cryptocurrencies.
They’re probably developing those cryptocurrencies for fun, right?
It’s probably like that dumb digital debit and credit card system that came up within the '70s.
Total bullshit, credit and debit cards.
Good thing that credit rating system never caught on, huh?
TheGrandNagus@lemmy.world 7 months ago
Cool. I’ll explain this to the person at the till next time I’m buying some milk, then I’m sure they’ll accept my dickbutt coin.
People are developing crypto as a gamble/investment. Not as a real currency.
And lol at you saying crypto is like debit/credit cards. It isn’t.
Varyk@sh.itjust.works 7 months ago
They probably won’t take such a disused currency.
But you can use more popular crypto to buy groceries, yes.
Look at you, confident that digital currency is fundamentally different than…digital currency.
BleatingZombie@lemmy.world 7 months ago
Where? Where do you see that? I’ve literally never been to a grocery store or hairdresser that accepts ANYTHING other than cash or card (maaybe checks)
Varyk@sh.itjust.works 7 months ago
Haha, checks! Yeah, we live in different areas.
Whole Foods accepts crypto, coffee shops, bars, there’s a bunch of places.
Might want to open those peepers.