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Re:Algorand – Fast, low fees and sustainable blockchain by devest8or on Saturday November 20, 2021 @08:20PM (#29293336)
> It has been the equivalent of money for 10 years now

Can I buy my groceries with it? I haven't seen an option to pay my rent, either. What about my water bill?

I wouldn't exactly say it's the equivalent of money.

Re:Algorand – Fast, low fees and sustainable blockchain by smt88 on Saturday November 20, 2021 @08:30PM (#29293388)
It's also deflationary, which means you'd be stupid to spend it as money if you had an inflationary asset (like, you know, actual money) to spend instead.
Re:Algorand – Fast, low fees and sustainable blockchain by kranke155 on Sunday November 21, 2021 @09:35AM (#29296429)
Depends on the crypto asset.
Re:Algorand – Fast, low fees and sustainable blockchain by berberous on Saturday November 20, 2021 @08:46PM (#29293469)
Yes — there are debit cards that will deduct from your crypto balance. These were traditionally not so helpful since crypto is volatile and each transaction incurred a capital gain/loss, but new cards can be backed by stable coins like USDC.

Also, can you pay your rent with Euros? Does that make it not money? That’s not a very principled definition.

Re:Algorand – Fast, low fees and sustainable blockchain by dragonwriter on Saturday November 20, 2021 @08:49PM (#29293477)
> Also, can you pay your rent with Euros?

Uh, yes?

I mean, assuming the rent is for a place somewhere in the Eurozone, I imagine that's usually preferred.

Re:Algorand – Fast, low fees and sustainable blockchain by e-clinton on Sunday November 21, 2021 @12:11AM (#29294344)
I can’t do any of those things with Euros here in the states… does it make the Euro not money? Go down the equator and it’s an official currency