Quote from: doomloop on February 26, 2025, 08:15:40 PM

My nation just allows exchanges, meaning that we do not really have any legal tender thing, but also it is not really helped if you allow crypto payments. This means, if I sell you one phone, and you pay me in bitcoin, but my phone is broken and you only realize that after you got it, you have no protection, and that's a big trouble. If you bought it with fiat, you would have the courts on your side and you would definitely try to get your money back.

This is why crypto is as far away from currency as it gets here, it is only an asset. But, it is okay to have an asset, they do protect that, as in if an exchange closes shop and runs away with your money, they do chase them, even caught some people who did that so I would say my nation sees it only as an investment, not as a currency.

This is the same case in my country because buying something with bitcoin will not get you protection against broken goods and it will not get you insurance clamps.
With the worst conditions like this, people will definitely not take the risk of buying certain goods using bitcoin because if something unexpected happens, there will never be a return on capital that will be obtained by the buyer.

Bitcoin is not yet a currency like fiat so its current use is more intended for assets so buying something using it is not profitable at all.
I enjoy using bitcoin as an investment asset because it is much more protected in any case compared to using a legal transaction tool.