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[-] dhork@lemmy.world 3 points 3 weeks ago* (last edited 3 weeks ago)

I've used crypto for legitimate transactions in the past. It bailed me out once, big time, when I had to top up a foreign SIM card while abroad and their website wouldn't take my US credit card. I found a site selling top-up codes that took crypto and sent some from my phone, and I was back in business. (The site was legit, but even if it turned out to be a scam I knew they could never take anything more than what I sent them because of the way crypto worked.) But this was back when people were still using it to transact.

The worst thing that ever happened to law-abiding people using crypto was when it's price zoomed up. Because for all those early adopters, every individual transaction now has a considerble capital gain attached. That's why people don't spend crypto anymore, because it's been turned by the market into a Store of Value. (And by developers, but that's a different thread).

[-] Alphane_Moon@lemmy.world -3 points 3 weeks ago* (last edited 3 weeks ago)

This is not a serious example in terms of scale and market share.

My point stands.

[-] dhork@lemmy.world 4 points 3 weeks ago

Well, nothing anyone says is going to convince you, because you're obviously correct. How silly of me to question you!

[-] Alphane_Moon@lemmy.world -1 points 3 weeks ago* (last edited 3 weeks ago)

Totally, your top up example is so relevant! It's a major part of economic activity!

The true killer use case for crypto!

You are what we like to call "confidently incorrect".

Well, when we're trying to be nice, anyway.

[-] Alphane_Moon@lemmy.world -2 points 3 weeks ago

Keep telling yourself that!

this post was submitted on 22 Mar 2025
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