They will continue to be a ponzi scam that hopeful idiots will keep losing money on.
You seem to think about cryptocurrencies like gold as well; an investment. My question was about the future of them as a normal currency that you can use to pay with online. I personally use XMR when I can to pay services.
you seem to think about cryptocurrencies like gold as well; an investment.
because that is what it actually is used for.
My question was about the future of them as a normal currency
That is dead and burred.
The one thing a currency needs is a relatively stable value, otherwise it is useless as a medium of exchange…ie: money.
While crypto is as stable as that bear that ate a couple of kg of cocaine.
I think of it as a ponzi scheme because that us what it has become.
From the perspective of the developed world, crypto is unstable. It many countries, though, their home currency could be less stable.
People who downvoted never heard of Argentina, for example, where their currency is so bad that individual provinces have started creating their own local currencies instead.
They don’t need to know anything, as exalted first world white men, it’s their burden to enlighten the brown people’s from their ignorance
My question was about the future of them as a normal currency…
There is none, crypto has never been nor will ever be a normal currency, at best it will keep being a fringe currency with dubious reputation and stabillity.
I personally use XMR when I can to pay for services
If XMR is anything like BTC in terms of it’s energy use per transaction then you are causing massive wastes of energy on a transaction comapred to a normal VISA transaction.
I expect that Elon or some other famous person is going to use Dogecoin again to scam their fans and make a quick buck in the near future.
I like that Ethereum’s system changed to use far less energy and thus emit less carbon.
I guess Monero can be useful if you want to buy drugs online or whatever, which I’m fine with.
I know that some people feel really strongly about crypto, either positively or negatively, but I’m mostly disinterested. It’s not going to become a particularly useful currency any time soon and it’s way too volatile, so if I ever decide to invest in something I’ll pick normal stocks instead.
It’s sad to see XMR being perceived as a currency to buy drugs online.
Because it is
Partly, but there are people like me out there that don’t use XMR to do illegal things. It’s like saying only criminals benefit from privacy.
Same as their past: Get-rich-quick schemes, outright scams, massive wastes of electricity, criminal funding tools, investment instruments that aren’t backed by actual companies making anything (and are therefore 100% speculation)… and sometimes some interesting technology.
investment instruments that aren’t backed by actual companies making anything (and are therefore 100% speculation)
Yep, only the evil bad crypto has ever done this! Our revered financial institutions would never sanction such filt-
2008 enters the room
SHIT
Who claimed that only applies to crypto? Don’t attribute to me things I never said.
Well technically, (s)he never claimed you said that either…
