[anonym29]

You can do the same with bitcoin too. I don't know if you heard the news, but there are now enormous liquidity pools of billions of dollars that enable realtime conversion between BTC and USD, and they even automatically handle generating all of the tax forms for you too!

This liquidity is so massive and the clearing so instantaneous that you can even get a bitcoin debit card. Open account, deposit bitcoin, spend directly in USD via debit card!

[kortilla]

That’s not buying things with bitcoin. That’s buying with USD and having something convert last minute. It’s no different than a brokerage card that sells stock to cover transactions.

[anonym29]

By that logic, nobody ever buys anything. Credit cards don't directly send funds from point A to point B either, there's complex technical and financial underpinning for the entire PCI industry.

Arguing that using a BTC debit card to purchase something doesn't count as buying something with Bitcoin because the bitcoin you deposited is not sent directly to the merchant is like arguing that using a debit card from your bank to purchase something doesn't count as buying something with USD because the paper notes you deposited at your local branch aren't the same physical notes that the merchant pulls out of their bank account.

It's a nonsensical semantic argument entirely detached from the important aspect, which is that you can deposit cryptocurrency and spend it wherever you can use a visa/mastercard with zero friction, as easy as using your credit card.

[namaria]

> Credit cards don't directly send funds from point A to point B either

But dollars change hands (or accounts) at the end.

> using a debit card from your bank to purchase something doesn't count as buying something with USD because the paper notes you deposited at your local branch aren't the same physical notes that the merchant pulls out of their bank account.

Nobody made that argument. You did and argued against it.

> which is that you can deposit cryptocurrency and spend it

You buy and sell cryptocurrency so you can use the currency you started with. The added two steps of buying and selling crypto are immaterial to buying what you want. You merely invested and divested in a speculative asset, you didn't use it as currency.

[kortilla]

Credit cards are dollar valued. Your argument doesn’t make sense