News for hackers. Stuff that matters.
Re:Bitcoin is a disaster by thelittleone on Thursday December 31, 2020 @06:36PM (#25598577)
"No one treats Bitcoin as a currency. It’s treated as an investment vehicle."

I, for one, have and will continue to use it as a currency in some cases. I'm quite sure I'm not the only one.

Re:Bitcoin is a disaster by ashtonkem on Thursday December 31, 2020 @06:39PM (#25598614)
To a first order approximation, nobody uses bitcoin as a currency. There are a handful of enthusiasts who might use it such as yourself, but you are in the absolute minority of bitcoin holders.

HODL would not be the meme it was if the goal was to actually use bitcoin in day to day transactions.

Re:Bitcoin is a disaster by thelittleone on Thursday December 31, 2020 @07:02PM (#25598825)
This is an opinion presented as a fact. A source would be helpful.
Re:Bitcoin is a disaster by bluedevil2k on Thursday December 31, 2020 @06:39PM (#25598612)
I’ll call BS on this - are you actively selling it to buy things online? And you buying BTC when you have spare money in checking accounts? Is your turnover like 10-20%? I’m guessing you’re a buy and hold person with BTC, which makes you an investor in it.
Re:Bitcoin is a disaster by thelittleone on Thursday December 31, 2020 @07:05PM (#25598845)
I've accepted payments for a holiday rental via Bitcoin, some of which I've used to purchase other items.
Re:Bitcoin is a disaster by colinmhayes on Thursday December 31, 2020 @06:48PM (#25598708)
I'll admit that I do buy bitcoin for use as currency. It is still the easiest way to remain pseudonymous digitally. To me it's similar to gold. Most people use it as an investment vehicle, some use it because it's an efficient way to store value that is hard to track.
Re:Bitcoin is a disaster by icedchai on Thursday December 31, 2020 @06:44PM (#25598668)
I used to buy things with bitcoin, but every time I have regretted it. It would've been better to use cash and keep holding.
Re:Bitcoin is a disaster by ur-whale on Thursday December 31, 2020 @07:16PM (#25598958)
> t buy things in crypto only because of the reporting burden.

There's an easy solution to that problem: spend BTC when you buy things, and then every week-end, buy it back to get rid of whatever monkey money (fiat) people gave you (salary,payments,etc...)

That seems like a lot of work, but it's easy to automate.

And if enough people do this, this will strengthen the BTC economy and weaken fiat, so you can feel good about yourself when you go to bed.