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Well said. A lot of cryptos appeal can be distilled down to the ability to move value. In this thread you see many Have I Given Up On Real Life Good Question Shirt struggling to understand the value of cryptocurrencies. Totally understandable.Depends on the currency, of course. There are countries in the world where the national currency is crashing horribly, or where there are tight legal restrictions on what you can do with it.Also, the long-term stability of an exchange rate is less important if all you’re doing is using the currency as a medium for a transaction rather than holding on to it.It’s a vehicle of value, in a lot of ways. It allows one to convert value, such as the USD, to another form and move from one place to another in ways that cant be done otherwise.The ability to move value is key. To take $500 in USD and create a transaction with someone anywhere on the planet while bypassing exchange rates and etc etc is a great, bold, new frontier. However it’s not without its cons, and everyone needs to be aware of that.
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I feel like you’re just Have I Given Up On Real Life Good Question Shirt currency and talking about some ideal btc world that is nowhere close to reality.If I want to send money to someone in another country…. I can, and it’s a hell of a lot easier than using btc. Also, I’m almost certainly paying fees for transferring btc and losing value so that argument also doesn’t hold.Of course if you’re using bitcoin, it can be rather expensive – even ethereum has gas fees of over $20USD per transaction quite often. But other tokens, like binance coin, polkadot, cardano, solana and others are working on technology that allows transactions costing less than a dollar and that send in less than a few minutes. That is not something you can do easily with fiat currencies.The only reason it’s more difficult for the average person that fiat currency is because they don’t own any crypto currency. As adoption grows, so too will the ease at which you can send money in these ways.The other fact that no one is addressing is that the transactions can attach conditions – – ie. This transaction attaches a deed to a house, or a car, or a contract for work, or some other physical or intangible condition. These are called smart contracts and are the true strength of the system in the long run.
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