Comment on Anon gives up on Bitcoin in 2010
doylio@lemmy.ca 2 months agoThe whole point of crypto is you don’t need to hold it on an exchange. And there are other real reasons to use crypto today such as cheap & fast international settlement, protecting your assets from authoritarian governments.
I agree there’s lots of speculation, and I’m not someone who believes it’s likely to replace the dollar, but it’s also clear there are legitimate uses
merc@sh.itjust.works 2 months ago
You don’t need to hold it on an exchange, but you need an exchange. You need some place where you can find people who want to buy Argentine Pesos and sell Bitcoin so that you can buy Bitcoin and sell your Argentine Pesos.
You think Bitcoin is cheap and fast?
doylio@lemmy.ca 2 months ago
Certainly cheaper and faster than Western Union, but yeah it’s horribly slow by modern blockchain standards
merc@sh.itjust.works 2 months ago
Also slow compared to actual payment processing networks for real money.