Why does it matter if it is volatile? I’ve used crypto to keep newsgroups going for years. You buy $10 worth at the time, doesn’t matter if it’s worth $5 or $20 tomorrow, it’s served it’s purpose.
But that is the problem. It still is my 10 if i have it in my wallet. And until i pay with it, it can fluctuate in my wallet.
Unless i guess i buy the crypto coin and immediately pay with it. But that is more of a hassle to buy something.
If i own money in the form of crypto currency and within a day it could be worth half, it is just not viable. Its too much of a gamble.
I understand what your saying, and I agree for the situation you describe, however I don’t think you appreciate my view point. The process I follow when purchasing services is to only purchase the exact amount I require at the time, in fact the check out process only allows me to do just that.
How does that work though? Do you pick a cryptocurrency at checkout on for example steam, and then it charges your creditcard or bank instantly to the crypto currency and then instantly steam?
I do not use crypto currency so i don’t know if that is a thing. Is that what you mean?
Yes, that’s one way to do it. Another way is to pick some amount you can afford to save and buy bitcoin every month or so. Hold it for a few years and always spend your oldest coins first. For example $20 from 2020 buys $200 worth of stuff now.
Crypto is unfortunately too volatile, GNU-Taler is the better option
Why does it matter if it is volatile? I’ve used crypto to keep newsgroups going for years. You buy $10 worth at the time, doesn’t matter if it’s worth $5 or $20 tomorrow, it’s served it’s purpose.
Well not really… i don’t want my 10 to be worth only 5 tomorrow… I am happy you don’t care, but a lot of other people do.
Your 10 isn’t your 10 any more so why do you care
But that is the problem. It still is my 10 if i have it in my wallet. And until i pay with it, it can fluctuate in my wallet. Unless i guess i buy the crypto coin and immediately pay with it. But that is more of a hassle to buy something.
If i own money in the form of crypto currency and within a day it could be worth half, it is just not viable. Its too much of a gamble.
I understand what your saying, and I agree for the situation you describe, however I don’t think you appreciate my view point. The process I follow when purchasing services is to only purchase the exact amount I require at the time, in fact the check out process only allows me to do just that.
How does that work though? Do you pick a cryptocurrency at checkout on for example steam, and then it charges your creditcard or bank instantly to the crypto currency and then instantly steam? I do not use crypto currency so i don’t know if that is a thing. Is that what you mean?
Yes, that’s one way to do it. Another way is to pick some amount you can afford to save and buy bitcoin every month or so. Hold it for a few years and always spend your oldest coins first. For example $20 from 2020 buys $200 worth of stuff now.
I never said Crypto is unusable