this post was submitted on 17 Aug 2024
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Bitcoin is not private. Monero is the privacy coin.
Both are useless as payment in the real world at any meaningful scale ATM.
I pay for my VPS and domain with Monero. It will never be as big as Visa, but it doesn't have to be - it has its niche.
Meh. Yes and no. There's actually quite a few places that accept Bitcoin at this point. Alternatively, you can use it to buy gift cards for many different retailers.
But yeah, you usually can't walk up to the checkout counter and tap your card, unfortunately.
It's not unfortunate. It's not accepted as currency because it does none of the things currency is for.
Such as...?
Holding a consistent value.
Volatility in a currency makes it completely and utterly useless.
Fiat doesn't do that either. Ever heard of inflation?
Moderate, relatively steady growth is not remotely comparable to routine wild fluctuations.
The unfortunate result of speculative investors trying to ride the next wave.
The inherent nature of a currency not managed intelligently by a competent government.
Haha, nah.