• captainlezbian@lemmy.world
    link
    fedilink
    arrow-up
    26
    arrow-down
    2
    ·
    8 months ago

    Weird, my landlord only takes fiat. So does my grocer. And in a funny coincidence I had to pay fiat to my government this year or face legal consequences. But at no point has anything I’ve wanted required me to use a highly volatile or deflationary cryptocurrency such as bitcoin. Oh well I guess I might get in trouble tonight when I go out with my wife and get told they don’t take fiat because it’s dead.

    • Linkerbaan@lemmy.world
      link
      fedilink
      arrow-up
      4
      arrow-down
      18
      ·
      8 months ago

      Your landlord doesn’t accept Pesos so I guess that’s not real money either

      Bitcoin briefly rises to record high over $70,000

      • captainlezbian@lemmy.world
        link
        fedilink
        arrow-up
        7
        arrow-down
        1
        ·
        8 months ago

        In my country they aren’t. They’re foreign currency. I get mad if someone slips me them instead of using our currency.

        And yes it’s irrelevant how much a bitcoin is worth to its use as a currency. Currency and investment vehicles are actually conflicting concepts. I don’t want to use my mutual fund to pay taxes. It’s supposed to get added to consistently for a long time then removed from. Currency is for transactions. Bitcoin is bad at transactions.

        • Linkerbaan@lemmy.world
          link
          fedilink
          arrow-up
          2
          arrow-down
          8
          ·
          8 months ago

          I agree that bitcoin is currently not good for transactions. There is the lightning network and other cryptos, but Bitcoin is more of a staple name than seemingly the real solution.