Comment on I’ve been locked out of PayPal for years because of their mistake

• accideath@lemmy.world ⁨2⁩ ⁨weeks⁩ ago

  Really? Crypto? For one, I know almost no online shop that takes crypto, almost no person I’d send money to has crypto and I don’t want to own crypto either since it’s rather unstable…

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  • shortwavesurfer@monero.town ⁨2⁩ ⁨weeks⁩ ago

    Price Crypto at the one-year simple moving average, and the volatility stops. I personally use crypto all the time and make my budget using the one-year simple moving average and it completely eliminates the issue with the volatility because that average takes a very long time to move.

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    • accideath@lemmy.world ⁨2⁩ ⁨weeks⁩ ago

      Still, I don’t know any non-shady online shop that takes crypto.

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      • shortwavesurfer@monero.town ⁨2⁩ ⁨weeks⁩ ago

        Gratuitas.org sells premium grade coffee for Monero. You can also look at monerica.com. There are absolutely tons of legitimate businesses that accept crypto. Actually, when it comes right down to it, it makes a whole lot of sense to accept crypto because the transaction fees are so damn low that businesses save a ton of money over credit card transactions.

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      • robigan@lemmy.world ⁨1⁩ ⁨week⁩ ago

        Maybe for you, but there are large parts of the world that are relying on crypto such as the African region which for them has been a game changer as an alternative to their unstable currencies.

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    • Summzashi@lemmy.one ⁨2⁩ ⁨weeks⁩ ago

      Cool, let’s say your average per year is a value of 50?

      Meanwhile in the real world; apple costs 1 in january and 100 in december.

      But yeah bro that yearly average.

      You crypto bros are like a cult.

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      • shortwavesurfer@monero.town ⁨2⁩ ⁨weeks⁩ ago

        You have a nice day too.

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      • FlyingSquid@lemmy.world ⁨2⁩ ⁨weeks⁩ ago

        Better than back when they were saying we’d all be paying for our groceries with Bitcoin in a few years. And every time I pointed out that I wanted my milk to be the same price today as it was yesterday and tomorrow, they got mad.

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    • Tar_alcaran@sh.itjust.works ⁨2⁩ ⁨weeks⁩ ago

      Price Crypto at the one-year simple moving average, and the volatility stops.

      What? No it doesn’t, you’re just shifting the volatility from your pricing to your consumption.

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      • shortwavesurfer@monero.town ⁨2⁩ ⁨weeks⁩ ago

        And that’s fine because you will always buy your requirements such as food, water, shelter, and transportation no matter what the price is. But you don’t need that new Xbox right now. It keeps prices steady, which is what people expect from a currency. And the more people who do it this way, the lower the volatility will become because more people are using it.

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  • robigan@lemmy.world ⁨1⁩ ⁨week⁩ ago

    Sounds like an addoption problem for you. The question asked what other alternative there is and cryptocurrencies solve that problem. Simple as that

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    • accideath@lemmy.world ⁨1⁩ ⁨week⁩ ago

      They don’t. They could maybe. But I want an easy solution to transfer money to people and pay online. Crypto is not that solution because I cannot pay with it in most online shops and I cannot send money directly to other people. The money has to be exchanged to some arbitrary other currency.

      Unless everybody used crypto as their main currency and everybody used the same cryptocurrency at that, it’ll always be an extra step, subject to fluctuations in exchange rate and possibly fees/taxes. As long as that’s not the case, it’s not an alternative. So yes, it’s an adoption problem but one that isn’t realistically solvable any time soon

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  • explodicle@sh.itjust.works ⁨1⁩ ⁨week⁩ ago

    This doesn’t solve the adoption issue, but you can use “stable coins” like DAI that are pegged to the dollar.

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