[idiotsecant]

This isn't necessarily true. A lot of people have held crypto since you could purchase it for single digit American dollars because they believe in the fundamental tenants of crypto - permissionless world financial exchange where the levers and dials of the economic systems are not controlled by world governments.

[Rebelgecko]

If they believed in crypto as a unit of financial exchange, wouldn't they be actually using it for transactions instead of going full-HODL?

[idiotsecant]

Cuyrrently (and at a few points in the past) it's a little hard because the value of crypto is fluctuating so wildly but a lot of early adopters have continuously been using and advocating adoption of crypto for a decade now.

[kayamon]

The moment Target start accepting Bitcoin/Lightning payments, yes, I'll be buying all my groceries via that thank you.

[jpambrun]

It is probably true that 99.9% of people with crypto use it as a speculative investment. The remaining 0.1% true crypto idealist may exist, but I have never met one. So it makes the previous statement very much mostly true.

This type of disingenuous argument is why some of us rejoice at the crypto meltdown.

[Zpalmtree]

Most people in crypto I know like crypto and the cool tech it is developing, and also want to make money. What is wrong with that?

[jaywalk]

There's nothing wrong with wanting to make money. The problem is that many (most? the vast majority?) of the ways to make money with crypto are basically pyramid scheme-type scams.

[randomhodler84]

Pleased to meet you jpambrun!

I am one of those 0.1% idealists.

[bandrami]

Can you name me a single good or service priced in BTC? If it's not a unit of account it can't be a store of value.

[randomhodler84]

My mate bought some beers for 87k sat the other day. A family member spent 40k sats on groceries a few months ago.

I’m actually tracking it for art

[idiotsecant]

As am I!