• Nurgle@lemmy.world
    link
    fedilink
    arrow-up
    19
    arrow-down
    1
    ·
    1 year ago

    Like it was basically just digital gold… which is also a terrible currency in physical form.

    • Rambi@lemm.ee
      link
      fedilink
      arrow-up
      13
      arrow-down
      3
      ·
      edit-2
      1 year ago

      I mean it is very very useful for specific purposes, like purchasing, uh, certain substances in certain, uh… unregulated online marketplaces.

      As far as being a currency for other purposes goes though, I think it is incredibly unfit for purpose. And as far as being an investment vehicle goes it’s essentially a ponzi scheme.

      • BartsBigBugBag@lemmy.tf
        link
        fedilink
        English
        arrow-up
        4
        ·
        1 year ago

        Also the hands down best way to do remittances. No more will WorldRemit steal 15% of my remittance, nor screw me on the exchange rate.

    • SaltyIceteaMaker@lemmy.ml
      link
      fedilink
      arrow-up
      6
      ·
      1 year ago

      Wouldn’t say terrible. Just volatile and with a specific use cas. But incaseyour currency loses value you still have some wealth wich you can use for financial interactions (assuming you still have access to it)