Waaay early on when cryptocurrencies were regarded as being possible alternative currencies it may have made sense, but now as they appear to have become more like extremely questionable investment products/securities, I’m left confused why anyone still has donation links for them alongside alternatives that provide, y’know, usable money (e.g. Ko-fi/Liberapay/etc.).
Are the donation links I’m seeing just a web artifact like the occasional Google+ share icon on some sites, or is there something more at play?
Well yea. Money is a unit of denomination, a means to transact, and a store of value. Crypto is none of those three
It is if at least two people say it is. Rocks with holes in them were money once, but nobody today would agree it is so today it isn’t. If at least two people agree that something is money then it is by definition regardless of what a Wall Street sociopath says.
Well yes… technically. But honestly the question of “is it a currency” is moot. The ACTUAL question, and where Crypto fails is “Is it WORTH anything as a currency?”
Two people can decide rocks with holes in them is still a currency all they want. And yes… technically that would be true. But a currency only accepted by two parties is by definition worthless.
Crypto is worthless as a currency. Not because of anything in Crypto technology itself, but because the only people who seemingly want it to be are tech bros.
Without MUCH wider support in the real world that doesn’t revolve around computer code, replacing thousands of years of accepted practice that already works (imperfectly… but it works) Crypto will always be a niche for a small subset of people.
Saying that Crypto is a currency because some tech bros SAY it is, is TECHNICALLY true. But by that definition, MTG cards, beanie babies, and POGs all qualify too.
Yeah sure, I’ll just go buy something with 0.00000001 of a beanie baby. 🙄