early_riser@lemmy.world to

No Stupid Questions@lemmy.world · 2 days ago

Is cryptocurrency good for anything?

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Is cryptocurrency good for anything?

early_riser@lemmy.world to

No Stupid Questions@lemmy.world · 2 days ago

Can I buy a pizza with it or pay my bills with it? Can my employer pay me in it? Or is it just an “emperor’s new clothes” thing? I just don’t see the tangible value in it. Rhetorical questions, BTW, I know you can’t buy a pizza with it, at least outside of some edge cases that I’m not aware of.

I thought what made money money was everyone agreed it was valuable and was willing to exchange it for goods and services directly. I don’t see that with crypto.

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timbuck2themoon@sh.itjust.works
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https://www.reuters.com/commentary/breakingviews/stablecoin-giant-is-cryptos-fragile-foundation-2026-02-20/

Not necessarily. They can fail whenever and it seems they’re piling into more unstable assets like bitcoin vs treasury assets.

I wouldn’t trust it personally but that’s just me.

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