No Stupid Questions@lemmy.world · 2 days ago

Is cryptocurrency good for anything?

No Stupid Questions@lemmy.world · 2 days ago

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.

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𝕱𝖎𝖗𝖊𝖜𝖎𝖙𝖈𝖍@lemmy.world
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5 hours ago
Money laundering, it’s really good for that
- Octagon9561@lemmy.ml
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  5 hours ago
  Apart from privacy coins like Monero, it’s all traceable
  - pet the cat, walk the dog@lemmy.world
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    31 minutes ago
    Good luck tracing coins that I bought for cash from John Shadyman who can’t give half a shit about KYC.

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