ElCanut@jlai.lu to Technology@beehaw.org · 6 months agoHmmm 🤔jlai.luimagemessage-square29fedilinkarrow-up11arrow-down10
arrow-up11arrow-down1imageHmmm 🤔jlai.luElCanut@jlai.lu to Technology@beehaw.org · 6 months agomessage-square29fedilink
minus-squareqwerty@discuss.tchncs.delinkfedilinkarrow-up0·6 months agoWhat’s the difference between a useless cryptographic token and a useless piece of paper if there are people willing to give me things I want for either?
minus-squareerwan@lemmy.mllinkfedilinkarrow-up0·6 months agoThe piece of paper you’re talking about is useful to exchange goods. The cryptographic token is not because it’s too volatile and transactions are costly. There is a reason the only things using Bitcoin as an actual currency are illegal things, buying credit card numbers or paying for ransomware.
What’s the difference between a useless cryptographic token and a useless piece of paper if there are people willing to give me things I want for either?
The piece of paper you’re talking about is useful to exchange goods.
The cryptographic token is not because it’s too volatile and transactions are costly.
There is a reason the only things using Bitcoin as an actual currency are illegal things, buying credit card numbers or paying for ransomware.