Post #1659909

2026-04-24 20:44 UTC

The main point cryptobros are missing is that the economy is controlled by force, something you can experiece if you are sailing in the persian gulf these days. Even at the scale of a family, my taxes are collected once a year and if I don't pay the nation comes collecting their due by force, via the law enforcement. All these cryptomoneys have the notable bug of not being controllable by the nations controllong their economy, so come a sufficient magnitude of value transfer they will be rendered illegal very fast. You ain't getting paid with it, you ain't buying food or or mortgages with it. You can buy drugs and killers with it though, which is nice if you are into that kind of thing.

Replies (4)

@Maeve@kbin.earth 2026-04-24 20:56

Some places do pay with crypto and accept it as payment for legal goods, as well.

Open ##1659920
@boboliosisjones@feddit.nu 2026-04-24 23:11

You can very easily tie your crypto to a debit card that works in any place that would take a VISA card and also with ATMs, so it is usable just like any other currency in that regard. Do not I am saying usable and not used, though. And under the hood it is of course converted to a regular ol' currency and then paid using that.

Open ##1659921
@toofpic@lemmy.world 2026-04-24 23:14

Multiple crypto exchanges allow you to issue a card and pay for usual stuff. I don't use one now because I don't have savings in crypto, but I did buy groceries with BTC. They were actually traded to euros first at the moment of payment, but it didn't require any additional steps from me.

Open ##1659922
@baines@lemmy.cafe 2026-04-25 15:38

all fiat is a scam, printer go brrrrrrrrrrrr crypto just used to be more volatile with no sure offload but if we have a run on the banks again or we lose the FDIC not like the USD is better now we live in the griftiest timeline

Open ##1718203