Comment on API error knocks PayPal, Venmo offline around the globe

• shortwavesurfer@lemmy.zip ⁨1⁩ ⁨day⁩ ago

  I don’t see how considering that Monero, which is actually used by people as money, has a supply inflation of less than two percent. And if I remember correctly, Bitcoin also has a supply inflation of less than two percent. Other cryptos are not money. They are either utility tokens to be used for a specific purpose or complete and utter degenerate scams such as meme coins.

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  • deltapi@lemmy.world ⁨1⁩ ⁨day⁩ ago

    I don’t agree. My raw ETH holds up pretty well as money.

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    • shortwavesurfer@lemmy.zip ⁨1⁩ ⁨day⁩ ago

      Do people price items in ETH or is it just a utility token for the Ethereum network? Because it seems more like the latter rather than the former. Like, will somebody sell you a toaster priced in ETH? Because I will sell you a toaster priced in Monero today. xmrbazaar.com/listing/ivSz/

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      • deltapi@lemmy.world ⁨1⁩ ⁨day⁩ ago

        I mean, yeah. There are places to buy toasters with eth, BTC, ltc, or buy a gift card for a retailer and use that.

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