You seem to think about cryptocurrencies like gold as well; an investment. My question was about the future of them as a normal currency that you can use to pay with online. I personally use XMR when I can to pay services.
People who downvoted never heard of Argentina, for example, where their currency is so bad that individual provinces have started creating their own local currencies instead.
My question was about the future of them as a normal currency…
There is none, crypto has never been nor will ever be a normal currency, at best it will keep being a fringe currency with dubious reputation and stabillity.
I personally use XMR when I can to pay for services
If XMR is anything like BTC in terms of it’s energy use per transaction then you are causing massive wastes of energy on a transaction comapred to a normal VISA transaction.
They will continue to be a ponzi scam that hopeful idiots will keep losing money on.
You seem to think about cryptocurrencies like gold as well; an investment. My question was about the future of them as a normal currency that you can use to pay with online. I personally use XMR when I can to pay services.
because that is what it actually is used for.
That is dead and burred.
The one thing a currency needs is a relatively stable value, otherwise it is useless as a medium of exchange…ie: money.
While crypto is as stable as that bear that ate a couple of kg of cocaine.
I think of it as a ponzi scheme because that us what it has become.
From the perspective of the developed world, crypto is unstable. It many countries, though, their home currency could be less stable.
People who downvoted never heard of Argentina, for example, where their currency is so bad that individual provinces have started creating their own local currencies instead.
https://www.bloomberg.com/news/articles/2024-01-19/defying-milei-s-austerity-argentina-province-plans-own-currency
https://www.coindesk.com/markets/2024/02/12/tether-and-circle-stablecoin-purchases-dominate-in-argentina/
https://www.forbes.com/sites/digital-assets/2023/04/26/crypto-usage-rises-across-argentina-despite-the-anti-crypto-imf-deal/?sh=7631cd706ece
They don’t need to know anything, as exalted first world white men, it’s their burden to enlighten the brown people’s from their ignorance
There is none, crypto has never been nor will ever be a normal currency, at best it will keep being a fringe currency with dubious reputation and stabillity.
If XMR is anything like BTC in terms of it’s energy use per transaction then you are causing massive wastes of energy on a transaction comapred to a normal VISA transaction.