No Stupid Questions@lemmy.world · 1 day ago

Is cryptocurrency good for anything?

No Stupid Questions@lemmy.world · 1 day 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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irelephant [he/him]@lemmy.dbzer0.com
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5 hours ago
It lets people buy illegal stuff (like drugs or HRT), which can be good and bad.
It’s possible to buy gift cards for different services with it.

The first real-world transaction with bitcoin was a pizza funnily enough.

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