Re:Ethereum Isn't Fun Anymore
by microtherion on Monday February 22, 2021 @09:24AM
(#26224864)
Have you considered that your use of the term "real money" undermines your position a bit?
People spend money on things with little tangible value all the time. The benchmark, IMHO, is whether others accept these things as payment. It's generally pretty hard to pay your utility bill with Farmville coins, or buy groceries with Angry Birds Mighty Eagles.
Re:Ethereum Isn't Fun Anymore
by virgo_eye on Monday February 22, 2021 @11:28AM
(#26226369)
You can't pay your utility bill with Apple stock, or buy groceries with crude oil ETFs. You have to convert them into money first. Does this mean that they are not a store of value?
People spend money on things with little tangible value all the time. The benchmark, IMHO, is whether others accept these things as payment. It's generally pretty hard to pay your utility bill with Farmville coins, or buy groceries with Angry Birds Mighty Eagles.