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by adnzzzzZ
1649 days ago
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This is like saying it wasn't silly to order pizza using bitcoin 10 years ago. Obviously you can find examples of people doing it and people praising them for it, but it was clearly not the general feeling of the public at the time, just like it isn't the general feeling of the public with cryptos now. |
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The difference is that online ordering was useful: it was easier, saved time, and businesses loved that it was cheaper, reduced errors, and avoided needing to pay people in phone banks to avoid busy signals. If you built things on the web, you had clients beating down your door from all kinds of businesses because they and their customers saw immediate benefits from adopting it.
In contrast, that Bitcoin pizza buyer was going against the grain of a deflationary currency — they paid a processing fee to use a more difficult, slower process to order a pizza and the deflationary model means that they were taking a long-term loss versus holding it — and a decade later, the vast majority of people still have no benefit to using a cryptocurrency.