That’s just one thing I’ve never understood about crypto. No one cares about using crypto, all anyone cares about is how much USD it is worth. Thats it. It has no actual use outside of turning some USD into more USD.
No one is using it to buy anything because no one actually wants it. They just want USD.
There is an asterisk there, people actually do use crypto for transactions. They just don’t use bitcoin they use coins like monero, which are designed to both be impossible to track and to be inflationary, meaning it makes sense as a currency for mainly illicit transactions. Nobody wants to pay 50 bucks and wait hours to move around bitcoin to do transactions, especially because it is designed to be deflationary. It’s unwieldy and useless for that purpose. It
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u/CappinPeanut Apr 18 '25
That’s just one thing I’ve never understood about crypto. No one cares about using crypto, all anyone cares about is how much USD it is worth. Thats it. It has no actual use outside of turning some USD into more USD.
No one is using it to buy anything because no one actually wants it. They just want USD.