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.
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.