• Varyk@sh.itjust.works
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    9 months ago

    Yes, cryptocurrencies, aka “currencies”, are used for buying goods and services.

    Energy consumption is a great point if you ignore the material resource acquisition cost, worker cost, production cost, sundry cost, hardware cost, conventional debit and credit fees, service personnel cost, data centers, servers, and telecommunication network costs of conventional currency infrastructure.

    Yeah, if we ignore all of that, then the resource consumption of a single energy intensive cryptocurrency seems high.

    • TheGrandNagus@lemmy.world
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      9 months ago

      Yes, cryptocurrencies, aka “currencies”, are used for buying goods and services.

      No no no. Cryptocurrencies aren’t used for buying goods and services outside of extremely fringe scenarios.

      People trade them like they do stocks. You can pretend that’s not the case all you want, but you know it to be true.

      I can’t go to Aldi and pay for my shopping with bitcoin or whatever shitcoin you hold. I can’t pay my bills with it. I can’t go get a haircut with it.

      All I can do is treat it like a stock.

      Energy consumption is a great point if you ignore the material resource acquisition cost, worker cost, production cost, sundry cost, hardware cost, conventional debit and credit fees, service personnel cost, data centers, servers, and telecommunication network costs of conventional currency infrastructure

      I’m not ignoring any of that. Crypto still uses far more, and to top it all off, can’t really be used as a currency.

      You cryptobros have been saying crypto will replace real currency any day now for years. It’s not happening. Sorry to burst your bubble.

      • Varyk@sh.itjust.works
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        9 months ago

        Yes, you can buy groceries or a haircut with cryptocurrency.

        Because most of them are less than a decade old, it isn’t as widespread as many more established currencies, but you can absolutely buy groceries, buy a haircut, eat at restaurants, buy a house, buy a car, pay utility bills, obviously pay for various forms of entertainment like twitch, hardware at newegg, there’s tons of stores that you can use cryptocurrency.

        You can also buy gift cards with cryptocurrency that you can use for literally anything.

        It’s fine if you don’t like it, but people are using it as a currency to purchase any type of material good you would purchase with conventional currency.

        You keep throwing your tantrum about how cryptocurrency is going nowhere while it grows by 100 million per year and many of the world’s governments are developing and purchasing cryptocurrencies.

        They’re probably developing those cryptocurrencies for fun, right?

        It’s probably like that dumb digital debit and credit card system they came up within the '70s.

        Total bullshit, credit and debit cards.

        Good thing that credit rating system never caught on, huh?

        • BleatingZombie@lemmy.world
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          9 months ago

          Where? Where do you see that? I’ve literally never been to a grocery store or hairdresser that accepts ANYTHING other than cash or card (maaybe checks)

          • Varyk@sh.itjust.works
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            9 months ago

            Haha, checks! Yeah, we live in different areas.

            Whole Foods(this little supermarket chain) accepts crypto, coffee shops, bars, hair stylists, there’s a bunch of places.

            Might want to open those peepers.

            • TheGrandNagus@lemmy.world
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              9 months ago

              Ok, I’ll pick a few random cities, and you show me a handful of supermarkets, cafes, bars, and barbers that all apparently happily accept crypto.

              San Antonio, US

              Newcastle Upon Tyne, UK

              Hamilton, NZ

              Deventer, Netherlands

              You obviously won’t have an issue, because it’s so common for crypto to be used as a proper currency

              • Varyk@sh.itjust.works
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                9 months ago

                Obviously not.

                San Antonio:

                Whole foods

                Chevron

                Tiger mart

                Food Mart

                Ecobox

                Tax services

                Pizza places, repair companies, there are literally hundreds.

                Do you have something specific in mind?

                Newscastle upon Tyne:

                5wire

                Academy for distance learning

                Tech companies

                Travel companies

                Clothing companies

                Watch companies

                Do you want something specific?

                NZ and the Netherlands - also hundreds.

                Why don’t you go try using your US currency in New Zealand, the Netherlands and the UK, or try using NZD in Vanuatu?

                That’ll work out great for you.

                It’s right in line with you continually proving yourself wrong.

                • TheGrandNagus@lemmy.world
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                  9 months ago

                  Hahaha you’re not even providing examples! You’re just saying “uhhh oh yeah mate. Hundreds. Hundreds of them. I’m not going to mention any, but yeah, hundreds. You can’t get moved for them.”

                  Why would I use the wrong currency for a country? That makes no sense. Yet another crappy strawman.

                  • Varyk@sh.itjust.works
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                    9 months ago

                    The examples you ask for are literally in the previous comment.

                    Do you need help reading them?

                    That would explain a lot of your confusion.

                    Stop using the word strawman incorrectly, since you obviously don’t know what it means.

        • TheGrandNagus@lemmy.world
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          9 months ago

          Cool. I’ll explain this to the person at the till next time I’m buying some milk, then I’m sure they’ll accept my dickbutt coin.

          People are developing crypto as a gamble/investment. Not as a real currency.

          And lol at you saying crypto is like debit/credit cards. It isn’t.

          • Varyk@sh.itjust.works
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            9 months ago

            They probably won’t take such a disused currency.

            But you can use more popular crypto to buy groceries, yes.

            Look at you, confident that digital currency is fundamentally different than…digital currency.

            • TheGrandNagus@lemmy.world
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              9 months ago

              No I can’t. I go to a supermarket and I can pay with my local currency and that’s it.

              I go to local restaurants and I can pay with my local currency and that’s it.

              I go to my barbers and I can pay with my local currency and that’s it.

              I go to a pub and I can pay with my local currency and that’s it.

              I pay my energy bills and I can pay with my local currency and that’s it.

              I pay my ISP bills and I can pay with my local currency and that’s it.

              I go to a car wash and I can pay with my local currency and that’s it.

              I pay taxes and I can pay with my local currency and that’s it.

              Etc.

              Places don’t accept crypto. Crypto isn’t used as a currency for the vast vast vast majority of people who hold crypto, nevermind society as a whole.

              Look, I get you’re a massive cryptobro, crypto is your life, you have a little tramp stamp of the bitcoin logo on your lower back, you speak to people about how any day now the real currencies are gonna die and crypto will take over, trust me bro™. But the real world is different to the one that appears to exist in your head.

              Look at you, confident that digital currency is fundamentally different than…digital currency.

              Look at you, being a smarmy cunt and putting words in my mouth I’ve never said.

              The issue with crypto as a currency isn’t that it’s digital, it’s that it’s literally not a currency. That’s what makes them different.

              So yeah, using a bank card and paying with real money is very different to trying to use a digital “currency” and not be able to live because nowhere will touch it.

              • Varyk@sh.itjust.works
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                9 months ago

                You are confidently incorrect.

                Being confidently incorrect still leaves you incorrect.

                Whole Foods, this little chain you might not have heard about, accepts crypto.

                You can choose not to use cryptocurrencies, but that doesn’t mean cryptocurrencies aren’t widely accepted.

                Cryptocurrency is accepted in many places.

                I’m being factual, you’re throwing a tantrum because you’re wrong.

                • TheGrandNagus@lemmy.world
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                  9 months ago

                  Never heard of whole foods. You shouldn’t assume people are from wherever you’re from. I’m guessing it’s a food shop?

                  But congratulations, you’ve named one company 🎉👏

                  You’ll note that I’ve been saying there’s practically nowhere that accepts crypto, not literally nowhere on planet earth. So well done on your strawman, but it doesn’t contradict what I’ve said at all.

                  People use crypto as a stock. Not a currency.

                  Widely accepted

                  Haha hahahahaha

                  HAHA HAHAHAHAHA HAHAHA

                  HAHAHAHA HAHAHAHA

                  AHAHAHA

                  HAHA HAHAHAHAHA

                  hahaha

                  ha

                  HAHAHAHAHAHAHAHAHA

                  I’ll stick to using real money. If I called up my mortgage provider and said “oh I’m not going to be paying in £ anymore, but I can give you Monero!” I’d be evicted pretty damn quick. As would you if you paid any bills.

                  • Varyk@sh.itjust.works
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                    9 months ago

                    By all means, broadcast your ignorance in force.

                    Your argument is that grocery stores don’t accept cryptocurrency.

                    Now you’ve learned that at least 500 grocery stores do.

                    Microsoft accepts crypto. Have you heard of Microsoft? Or is the underside of your rock totally empty?

                    Have you heard of AT&T? AMC theaters?

                    How many more examples of your ignorance would you like?