You manage an "independently run, no-nonsense bookmarking site for people who value privacy and speed" and you wonder why people value non-state currencies? I wonder if independence, privacy and speed have anything to do with it? You seriously can't make this stuff up.
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Well to be fair its "for people that value speed"... cant say the same for BTC users
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Speed can come in various forms. Want to send an international payment on Saturday? Sorry bank’s closed. Don’t have the right account? Wait a few days to get one set up. Maybe they’ll reject you for reasons that will never be made clear to you.
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Speed of Cryptocurrency transfers assumes that you and the destination party already have wallets and one of you has coins already, and neither of you needs to convert that coin to local currency.... But yeah in that narrow case, with no ATMs.
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You’re right but as the crypto economy grows it becomes unnecessary to exit. This is ultimately what concerns governments. For those of us in the space for a while this is already the case. How exactly do you imagine this would evolve otherwise? Just pop up and be mass adopted?
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If the number of places accepting cryptocurrency grows, that's true. But, cryptocurrency has been losing retailers and payment processors for the last several years due to its price instability. That's why the narrative shifted to being digital gold.
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Replying to @siberianmi @panekkkk and
It seems based on this that a scenario which using decentralized cryptocurrency to pay for everyday goods and services is increasingly unlikely. Instead it will most likely remain as a libertarian dream. Which means exiting to real currency will continue to be needed.
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Can you point to data that says crypto is losing retail payment processors? I’m pretty confident it’s the opposite (eg PayPal now fully supports crypto). And plenty of economic activity can and does happen in crypto outside of retail payments (p2p payment, investing, etc).
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That was 2018. Are you stuck in 2018? Payments today are built around stablecoins not Bitcoin which is absolutely not suited for retail payments.
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You could tell blockchain people that some thing they designed is impossible because it would be a halting oracle, and they would dunk on you for living in the past because the Halting Problem dates back to 1936
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