Why is nobody using cryptocurrency for Buy/Sell?

That’s a good way to save some serious cach over the years. Think I will have to do it like that myself

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Hey dad Could you sign up for this cripto currency thing so I can buy a motor mount?

Just sounds bad.

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You still stuck asking Dad to buy your toys? :wink:

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But hay dad could you give me 95€ instead of 100€ so I could buy this motor mount sounds better.

Nah, I use my Sisters paypal, Not old enough to make an account yet.

@Eretron my dad understands paying a bit more to get a little less sketch, as do I. sometimes i just need to use a pp acount i don’t have

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I don’t know why. But in my mind you have always been a 40+ year old dude.

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9961658

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What is crypto currency? :joy:

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it has too spooky a name. bet they’d get farther with…Cheap O Currency.

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Write a smart contract for the forum, would not work with groupbuys though, then let trusted members with full identity disclosure settle disputes. Would probably benifit both parties more than PayPal

Ah, I didn’t want to mention smart contracts it is way advanced feature… But yes it would be awesome.

I guess we will have to wait a couple more years for crypto to become more accepted.

That wont happen till people stop trading it to make more of there own contries money…

Example: you dont see people trading USD for USD hoping to make a profit and in that way it is as trusted ans safe as any other contries currency…

Whose backing(bank/contry) the “crypto”?

Too complicated to buy/sell/withdraw and + fees from various services, no buyer protection, not stable in value and none of the manufacturers accept it so using it would be just a waste of money

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crypto not being backed is the goal of it lol people back it, if people stop using it it will fall in value and if there’s a demand for it it will grow but there are some banks getting into crypto somewhere

crypto is too illiquid. I don’t want to go through the hassle of using something like coinbase to convert it back into cash that I can use.

When I can walk into a grocery store and buy my food with crypto… I’ll start taking it seriously.

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and is why it will never make it… to many chefs in the kitchen

Crypto is just too volatile. Multiple reasons for that:

  • big whales and their pump&drump strategy
  • HODL-ers using it as a security / tradable asset instead of a currency
  • too young to have a stable market cap
  • no real usage to drive its value as a currency

Then there are TX fees, network failures ( remember Crypto Kitties? ) and many other factors that make it unusable as a daily currency.

There is currently no benefit in using crypto for an average Joe…

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Most of those points wouldnt be valid if the market cap was much higher. Your not wrong though :grin:

Same lol. Credit to the maturity of his input.

I’ve only just worked out how to use bloody PayPal. :flushed: