Example: I’m broke till payday but I need some new shoes but I have bitcoin let me order them off eBay and pay with bitcoin instead.

Now explain to me how that’s not a currency lol

as i've said in this thread, the companies accepting it today do so as a means to save profits on the premise that bitcoin value will rise

paypal is a dying breed, they have to take a chance and accept it in hopes to gain some profits on the rise in value

they aren't turning and buying assets for the company in bitcoin, they are holding it in the hopes to make profits off the gains

again, not sure why this concept eludes you so much

see the dozen posts i've made about this already

currency would imply a free flowing exchange of an intermediary (for generations now "cash") between parties for goods and services

bitcoin exists TODAY as one side free flowing it while the other intends to hold for a gain on the valuation

does that simplify it for you? i don't know how layman's i can make this for you

Cool story

glad we're on the same page, always happy to help enlighten people

try spending EURO in the US. lol

just go back to saying u need to "trust miners" for bitcoin to work. LOL

I see what your saying.

However, the problem I have with that stance is that there isn’t anything stopping these companies from acquiring assets using Bitcoin/crypto. I understand it is a “one way flow” but it is still an exchange for a good/service.

Thought experiment
If tomorrow Elon buys material “x” for the manufacturing of Tesla vehicles from company “y” using Bitcoin. Are you at this point considering Bitcoin a currency?

This post was edited by SharpNips on Apr 15 2021 07:09am

absolutely, once people start to spend it freely, it's 1000% currency

but like i said, today, those trying to spend it are people who have made profits on the gains over time, and those accepting it, do so with the intent to hold and make gains themselves

the last line of what you quoted is really the meat and potatoes here, how can you have a currency that shifts in value so drastically day over day?

the concept of "comp shopping" exists to compare prices at one store vs another

if bitcoin were a true currency today, it wouldn't be store vs store comp shopping, it would be day vs day comp shopping lol

obviously the dollar "shifts" in value daily, but not nearly to the same extreme

it legit is being used as a currency. I'm currently waiting for a card which is same like ur Visa on which you hold crypto instead irl currency.
you can swipe that anywhere and buy anything. Lidl, Tesco, Starbucks, you name it.
So yeah, buying crypto X for €500, and having it raise to €700 will actually make you have spendable €700.

Has to be sick living in a cave

i guess what i'm saying is above your capacities, i'm sorry it's so difficult for you to understand, friend

/e

to the bold, this is the point i'm making

why would anyone spend something on a good or service knowing that it could gain exponential value (or lose it depending on when you got in)

you guys keep saying "oh you're just being left behind, umad" etc, when in reality i'm saying invest in crypto, that's fine , but don't tell me that it's currently used as currency

it's currently traded and used as an investment, some folks are just offering to sell goods for it so they can gain the investment aspect of it (their C suite teams obviously feel it's worth while to have it in their portfolios). those companies arent then going out and buying supplies, warehouses, etc with crypto, they are holding it in hopes of realizing gains

This post was edited by stuartg85 on Apr 15 2021 11:11am