this post was submitted on 02 Jun 2024
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since people treat crypto as money, it is money.
The only ones that treat it as money are in on it. Otherwise, you could go to a Best Buy and get a TV with your crypto-card.
I hate to be “that guy” but your definition of money is a little constrained. By that definition, the only “money” is the money of the country you’re currently in. Can you walk into a bestbuy and purchase a TV with Yuan?
You’re likely trying to say “Can you walk into a normal store of an appropriate country and pay with that currency” but even that is flawed, as certain stores don’t accept credit/debit, or don’t accept cash.
My definition of money is “legal tender.”
https://www.digitalmint.io/customer-support/faqs/is-bitcoin-illegal-or-legal/#:~:text=Bitcoin%20is%20legal%20in%20the,to%20accept%20Bitcoin%20as%20payment.
You literally quoted an article about the US…. Which is again an issue. The Canadian dollar is not legal tender in the US.
There are also countries where the “legal tender” is useless. Take Zig, which is the recently mandated legal tender of Zimbabwe, which is so scarce that it’s impossible to trade in, leading people to fall back to the (by your definition) fake currency of the US Dollar.
I don’t really care what is legal tender in places I will never live. If I visit, I will convert my money to the local currency as needed. Bitcoin however, is NOT going to be among them.
Because it’s not money. It has value, but it is not money.
Lmao this is so weird. You’re talking about how the only real money is legal tender, but then you go off about how you don’t care what legal tender is anywhere other than the US.
I mean, good for you. No one is trying to force Bitcoin down your throat any more than they are the Zig. But using the US definition of what is considered legal tender isn't the vehicle you seem to think it is.
Bitcoin isn’t legal tender. Period. It is a “valuable”
You can’t make in-store purchases with it- therefore, it isn’t a currency. It is a valuable.
Yes, in the US there is only one legal tender, the US dollar. Good job sussing that one out, it must have been a monumental effort on your part.
Of course other countries have different legal tenders. Do you happen to know the legal tenders of El Salvador?
Look at another branches of conversation. This is 'Murica-brained troll, that already banned two people. Just don't bother.
Do you live in El Salvador? Because if not- I’d imagine bitcoin should be every bit as irrelevant to you as it is to everyone else.