Comment on API error knocks PayPal, Venmo offline around the globe
shortwavesurfer@lemmy.zip 1 day agoI 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.
deltapi@lemmy.world 1 day ago
I don’t agree. My raw ETH holds up pretty well as money.
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/
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.
shortwavesurfer@lemmy.zip 20 hours ago
I mean yeah, I know you can buy lots of things with gift cards by buying the gift cards with the currency you intend to. But I mean like directly. As in you pay someone directly or narrow or Ethereum or whatever and they will send you a toaster or a coffee maker or a crockpot or whatever.