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.
It’s great for sending money abroad. No bank, minimal fees. I use it for that all the time, to send friends gifts for weddings and birthdays and stuff.
Yes, this requires everyone in the transaction to be on the network and know how to sell cryptocurrency; the question is whether it’s useful, not whether it’s useful with no caveats 😋