If the #lottery was like #bitcoin, then when you won the lottery, at least half the time when you take your ticket to be redeemed, you'd find you can't, or the lottery office disappeared.
#cryptoReality #btc #blockchain #ponzi #fraud #finance #banking #wisdom #tech
volkris
in reply to Adam R. Smith (AmericanScream) • • •I don’t think that’s right.
An enormous function of Bitcoin is that since you control your wallet you can spend without relying on anyone else disappearing.
Adam R. Smith (AmericanScream)
in reply to volkris • • •volkris
in reply to Adam R. Smith (AmericanScream) • • •you say that and yet I spend Bitcoin on meaningful things often enough.
Maybe you don’t, maybe your experiences are kind of narrow, but if you’re interested in this topic, then I think you probably need to know that people do spend Bitcoin meaningfully without converting it to something else.
I’ve bought everything from food to landscaping services paying in Bitcoin without any conversion, just off the top of my head.
Adam R. Smith (AmericanScream)
in reply to volkris • • •@volkris The exception doesn't prove the rule. Other than illegal drugs, shady internet services, CSAM and a coffee here or there, you can't really use crypto for anything day-to-day.
And no, crypto credit cards aren't the same thing. You're wasting money to use crypto to pay merchants in fiat.
volkris
in reply to Adam R. Smith (AmericanScream) • • •prove the rule?
No the exception disproves what you said!
Maybe YOU can’t really use crypto for anything day to day, but be careful about projecting your own personal experiences on everybody else and making assumptions based on that.
In the end you’re not going to convince anybody of your perspective when it requires us to ignore our own experiences that don’t line up with what you’re saying.
You just end up sounding uninformed.
Adam R. Smith (AmericanScream)
in reply to volkris • • •volkris
in reply to Adam R. Smith (AmericanScream) • • •sure it made economic sense. How do I know? Because it resulted in economic activity that left all parties better off.
Just like any other monetary transaction.
Adam R. Smith (AmericanScream)
in reply to volkris • • •@volkris Another vague, ambiguous response that's incapable of being qualified as true/false.
This is why "The Ultimate Crypto Question" remains un-answered after 15 years: Name one, specific, non-criminal thing blockchain is better at than existing non-blockchain tech."
Nobody can answer that. All you can do is make vague references to "use cases" where two self-interested parties imply they found it useful. That's not innovation. That's marketing propaganda.