Crypto is an un-backed and unregulated security – the value of which fluctuates wildly. Turns out most people don’t like being paid in something that can drastically lose value in the span of hours.
The few people and institutions that accept crypto as payment either immediately convert it back into real money or are “investors” treating it like the security it actually is.
If you’re “invested” in cryptogoboligook and you’re not ripping someone off–guess what?–you’re the mark.
Regardless, you can generally use money to buy things.
You can’t buy anything with crypto because it’s 15 years later, and “mass adoption” is never happening. It’s “fake money”.
since people treat crypto as money, it is money.
Crypto is an un-backed and unregulated security – the value of which fluctuates wildly. Turns out most people don’t like being paid in something that can drastically lose value in the span of hours.
The few people and institutions that accept crypto as payment either immediately convert it back into real money or are “investors” treating it like the security it actually is.
most money throughout history has been “unbacked” and unregulated