• 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.