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A comment on Bitcoin has few attributes of money but all the attributes of a collectible. Parent comment

Re:Bitcoin has few attributes of money but all the attribute... by herbst on Thursday April 22, 2021 @04:35AM (#26900300)
Spending Bitcoin & Crypto is incredible easy in Switzerland. Our main Amazon alternative as well as the biggest food delivery network both accept crypto. You can even pay your taxes in some places.

I know only few people who own crypto as pure speculation. Most are using too (at least from time to time)

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Re:Bitcoin has few attributes of money but all the attribute... by bb88 on Thursday April 22, 2021 @11:38PM (#26910744)
Given the price of bitcoin skyrocketing, why would anyone spend it on anything. If you have 1BTC, and you think it's going to go up 100x still, then why would you ever spend it?
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Re:Bitcoin has few attributes of money but all the attribute... by herbst on Friday April 23, 2021 @07:31AM (#26913584)
If USD is only decreasing in value compared to CHF why would you not keep everything in CHF? Because you need money to live from and you likely need USD to spend.

I only partially care if it goes /2 or x100. Its still money

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Re:Bitcoin has few attributes of money but all the attribute... by bb88 on Friday April 23, 2021 @06:57PM (#26920225)
What if it goes to /100? /1000?
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Re:Bitcoin has few attributes of money but all the attribute... by herbst on Saturday April 24, 2021 @04:40AM (#26923356)
A little far fetched IMO, but meh. That could happen with any investment and bad luck.
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