| > Point 2 is strictly false, crypto can be exchanged for goods or services on its own. In dreams, maybe. In reality there are vanishingly few goods or services that can be exchanged for crypto. For obvious reasons immediately obvious to anyone who could care to think about the supply chain for more than 30 seconds [2]. This is especially true for oppressive governments where the use of crypto is grounds for criminal persecution [1] [1] E.g. https://apnews.com/article/russia-ukraine-journalists-alexei... [2] Let's say you buy bread from a shop. That shop has to pay salaries, rent, pay suppliers of flour, spice, herbs. Those suppliers have to pay their salaries and their suppliers. The owner of the place who rents out to the shop needs to pay for his stuff. Almost no one in this chain accepts payments in crypto. So even if the shop accepts payments in crypto, they need to convert it to fiat. So the shop's question becomes: is it worth the hassle? in the absolute vast majority of cases the answer is "no". |
Apparently, I must be dreaming this entire list. Now, to head off what will certainly be a response absolutely loaded with special pleading and/or strawmen, the claim was "crypto can be exchanged for goods and services on its own". Provided was a rather substantial, yet not exhaustive, list of merchants of various sizes which accept one kind of crypto in exchange for goods and services. QED.