• Nurgle@lemmy.world
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    1 year ago

    Like it was basically just digital gold… which is also a terrible currency in physical form.

    • Rambi@lemm.ee
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      1 year ago

      I mean it is very very useful for specific purposes, like purchasing, uh, certain substances in certain, uh… unregulated online marketplaces.

      As far as being a currency for other purposes goes though, I think it is incredibly unfit for purpose. And as far as being an investment vehicle goes it’s essentially a ponzi scheme.

      • BartsBigBugBag@lemmy.tf
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        1 year ago

        Also the hands down best way to do remittances. No more will WorldRemit steal 15% of my remittance, nor screw me on the exchange rate.

    • SaltyIceteaMaker@lemmy.ml
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      1 year ago

      Wouldn’t say terrible. Just volatile and with a specific use cas. But incaseyour currency loses value you still have some wealth wich you can use for financial interactions (assuming you still have access to it)