Yes, cryptocurrencies, aka “currencies”, are used for buying goods and services.
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.
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
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.
TheGrandNagus@lemmy.world 7 months ago
No I can’t. I go to a supermarket and I can pay with my local currency and that’s it.
I go to local restaurants and I can pay with my local currency and that’s it.
I go to my barbers and I can pay with my local currency and that’s it.
I go to a pub and I can pay with my local currency and that’s it.
I pay my energy bills and I can pay with my local currency and that’s it.
I pay my ISP bills and I can pay with my local currency and that’s it.
I go to a car wash and I can pay with my local currency and that’s it.
I pay taxes and I can pay with my local currency and that’s it.
Etc.
Places don’t accept crypto. Crypto isn’t used as a currency for the vast vast vast majority of people who hold crypto, nevermind society as a whole.
Look, I get you’re a massive cryptobro, crypto is your life, you have a little tramp stamp of the bitcoin logo on your lower back, you speak to people about how any day now the real currencies are gonna die and crypto will take over, trust me bro™. But the real world is different to the one that appears to exist in your head.
Look at you, being a smarmy cunt and putting words in my mouth I’ve never said.
The issue with crypto as a currency isn’t that it’s digital, it’s that it’s literally not a currency. That’s what makes them different.
So yeah, using a bank card and paying with real money is very different to trying to use a digital “currency” and not be able to live because nowhere will touch it.
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.
TheGrandNagus@lemmy.world 7 months ago
Ok, I’ll pick a few random cities, and you show me a handful of supermarkets, cafes, bars, and barbers that all apparently happily accept crypto.
San Antonio, US
Newcastle Upon Tyne, UK
Hamilton, NZ
Deventer, Netherlands
You obviously won’t have an issue, because it’s so common for crypto to be used as a proper currency