Post
Topic
Board Economics
Re: Do you use cryptocurrencies in your daily life? Are they useful?
by
stompix
on 15/08/2018, 16:10:16 UTC
Nice. I personally love it. Every time i see that some service is available via crypto payments i do it that way. First i dont disclose my information, and it is quick and safe.
Crypto over card payment every day!

How do you manage to pay for everything with crypto with disclosing your information?
The last 3 things I bought with crypto required a shipping address and a name for the warranty...

Other than vps and subscriptions to some services you can't really buy much stuff without any info.
And I really would be using a fake name for a service, especially if I would have to ask for a refund!

Actually, people in Venezuela already started using cryptos to transfer money.
Their currency is losing value much faster than BTC can drop. It is being adopted there currently.

People are using bitcoin, dash or nano to buy food/clothes/water or to charge their phone. They have completely lost the faith into their national currency and started USING crypto.

Yesterday I made the mistake of sending a low fee tx of 3.1 sat/byte.
I got confirmed in 12 hours  Cry
But even that low fee is 5 cents, paying it every day would mean 1.5$ if we don't consider the dust problem that will trigger. The average wage in Venezuela is....nope doesn't work

Now to the pop vs tx rates
There are 30 million people in Venezuela and about 200k tx a day/ unchanged for months
If each Venezuelan would make a tx it would clog the network for 150 days...

Maybe there are a few doing this, maybe a thousand but not a percentage that could be expressed without a ton of zeros.