Metals were supposed to be that, but there's a reason we got off them

You can't send gold over the internet

Look at what policies incited your so-called "housing bust." It was an elimination of the regulation separating both investment and consumer banking.

@Marushia Dark

It does not matter with that degree of volatitlity. It makes sense if you speculate and play the crypto market but not if you want to buy dinner.

And again, that gold has to stay in reserve as money when it could build spaceships or something

Another commodity pegger.

Jesus Christ.

<:thinkcide2:462282425486147585>

The dollar fluctuates in value but it's not like people are freaking out that bread goes up and down in USD.

Because of the degree of fluctuation.

@Jym apps will resolve that in time. It took a while for credit cards to become common use, but now every store and restaurant uses them

Exactly so if crypto was widely adopted it would have the same degree of fluctuation.

@Marushia Dark

I prefer not to bet on deus ex machina....

I don't know what you mean by that.

I think he's referencing the movie?

Or the game? <:trumpepe:588019356215279642>

@Jeremy


If you were reading I clearly stated I am not a gold bug. I was merely using specie as a comparison to crypto on the subject of currency.

Alright, I'm going to begin unloading my dissertations on this server.

Fair enough, Jym.

Desu Ex Machina means 'god from the machine' it is the argumentation that a hypothesized technology will solve the problems in a system.

Ultimately, all Crypto is, is blockchain technology applied to digital currency as a measure of security to prevent hacking or inflation.

I know what DEM means, I just wasn't sure what you were referring to - apps, the singularity, etc.

I'm a supporter of using beads and shiny rocks for money so Skynet can't steal all our cash

but that's just me

Apps and the Singularity would both be excellent examples but no I was referring to "apps will fix it". Fun fact 'machina' was a generic term for what were used as special effects in theater back in the day so origonally "deus Ex Machina" meant "we solved the plothole with CGI."

Literally, all you'd need is like the crypto equivalent of Square, which I'm sure someone already invented a crypto wallet app. I think Cash App is supposed to be that, or close enough in concept to it if I'm not mistaken. The tech already exists, it just needs to be more popularized and people will follow. Again, you probably had people making the same claims as you are now about credit cards back in the day

Or even if it doesn't exist, it's hardly a stretch of imagination to see it happening in the next couple years

I'd say it's a big step. Like say I want a hamburger. I know what it is in dollars. What is it in BTC? Will that change in between me acquiring BTC and acquiring a hamburger?

How hard would it be to have an app on your phone that you swipe at the register and it automatically deducts $X worth of crypto from your associated wallet?

People already use those QVC codes to pay for stuff

All the conversions are done behind the scene through the app

Or at worst, you pull up the app and it tells you the dollar-value of your balance

Same as you would checking your online banking account. Again, it's all just money of account

It would be easy. But due to fluctuations the 5$ in crypto I spent is 8$ worth of crypto later I kinda got robbed on that burger. The burger shop certainly will not use crypto because they need a business plan where values are fairly stable to project ROIs.

This seems relevant:

https://coincodex.com/article/1590/how-to-pay-dinner-with-cryptocurrency-in-restaurant-and-anywhere-in-the-world/

I see here many buzz words that do not answer any of my primary issues.....

Again, that same fluctuation you're concerned with exists in paper currency. That's literally what inflation is, a devaluation of your purchasing power as the result of too much supply over demand.

**degree of fluctuation**

https://www.google.com/imgres?imgurl=https%3A%2F%2Fen.bitcoinwiki.org%2Fupload%2Fen%2Fimages%2Fthumb%2F3%2F3c%2FBitcoin_price.png%2F550px-Bitcoin_price.png&imgrefurl=https%3A%2F%2Fen.bitcoinwiki.org%2Fwiki%2FBitcoin_history&docid=WJwurx3BETx7zM&tbnid=VwHdHNczuznnFM%3A&vet=10ahUKEwjP0IzKwszkAhXdJDQIHdSsCj8QMwhNKAEwAQ..i&w=550&h=217&bih=601&biw=1229&q=bitcoin%20value%202005-&ved=0ahUKEwjP0IzKwszkAhXdJDQIHdSsCj8QMwhNKAEwAQ&iact=mrc&uact=8#h=217&imgdii=pUj645jpK-PtoM:&vet=10ahUKEwjP0IzKwszkAhXdJDQIHdSsCj8QMwhNKAEwAQ..i&w=550

That's relative to USD, but what happens when crypto becomes normalized to the point where most are trading in said currency? I'm sure if I took the exchange rate of USD versus, say, the Yen or the Pound, it'd look like that chart with volatile fluctuations

Worst case scenario, if you feel insecure about it, if you're worried that its USD value will drop right before you hit "Accept," then at worst, it just encourages more frugal spending, which I can't see as a bad thing. Don't buy unless you're absolutely sure.