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.
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)
Like it was basically just digital gold… which is also a terrible currency in physical form.
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.
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.
Gold is useful in that it always remains gold but that’s the extent of it.
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)