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by austincheney 3091 days ago
> Seems like crypto has a lot unique intrinsic value that surpasses traditional currencies to date.

Only if they are used as currency in the marketplace. If cryptocurrencies are only an investment point they are a bubble with little or no practical value. The only value is to other investors.

Personally, I find cryptocurrencies volatile and as such would not use them to purchase anything.

1 comments

I pay my friends for drinks in crypto, they pay me (usually ltc, ether, or doge). It's quick and easy with a wallet on your phone like Jaxx. No venmo, no paypal, no bank account necessary. I use crypto to store and exchange value today. It will only get more popular as it becomes easier.

I encourage everyone to try it. Send $100 of crypto to a wallet on your phone and use it to pay people you owe for small stuff. It's fun and easy. It also gets your friends bootstrapped with crypto without needing to use coinbase or gemini or whatever.

Also wallets like Jaxx are deterministic, meaning you can use 12 unique words to recover your wallet anywhere - even if you lose your phone.

Yes, but people also use beer as a currency. Probably much more than they use cryptos as a currency. In this context, when talking about currency, we mean at the same scale as fiat currency. Else, the currency discussion is senseless.