[morgancmartin]

Haha, thanks for the laugh.

Considering the downvotes I got, I suppose I was out of line suggesting a wager, but I've yet to see convincing evidence for why blockchain tech can't work. Sure it's overhyped way beyond what it deserves and it hasn't found its "killer app" or niche yet, but that doesn't mean it won't.

Nano's my favorite coin. It's fee-less, near-instant, and secure. Its largest flaw (and one all coins share at this point) is its tendency to fluctuate in value. But this problem is soon to be overcome by stable coins. Once that's done, its only remaining disadvantage will be lack of adoption. And if the product's right, I don't see any reason why a superior product won't gain market share given enough time. And it's not like crypto is under some investor enforced deadline to reach a certain market share, it's got all the time in the world.

Anyone care to point out any flaws in my thinking?

[berbec]

I have no skin in the game either way, so I am curious (asked before):

Is crypto:

money/currency (spend able exchange of value)

a store of value (investment etc)

a cool technology with no current useful application

or something I don't understand?

If crypto is money, can I:

Spend it at Amazon? My grocery store? My corner deli? Pay my rent? Pay my employees?

If crypto is a store of value can I trust it will have any rational storage value over any time period?

[jki275]

It's kind of all of the above.

As to your questions, you can spend it some places. I think newegg takes it, Valve used to take it with Steam, etc. There are corner delis who take it, I'm not sure about yours. Your employees may be ok with you paying them in it, but that's an agreement you have to have with them.

To your last question -- no, I wouldn't think so at least for now.

[tim333]

It works as a spend able exchange of value and as an investment. Just not very well. I've done both of those.

Given the not very well bit, it's main use in reality is doing stuff discouraged by governments such as buying drugs and pushing scammy investments.

Whether it will develop beyond that I'm not sure.