Meta shareholders overwhelmingly rejected a proposal to explore adding Bitcoin to the company's treasury, with less than 1% voting in favor of the measure
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This ^
Most vendors do frequently sell or convert to stablecoins to avoid this problem, and in times of uncertainty, they often charge more to cover the eventual losses
What is the point of using them if you are expected to switch them to an actual real fiat just to keep your value?
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I thought your point was it was never happening? I provided examples where it did happen in the past and where its happening now. Volatility of the price vs USD is not the biggest issue if the payment processor gives the vendor USD back after the transaction. If the vendor believes in crypto, they can decide to keep it as well. Had Valve chosen to hold their crypto earnings in 2016 for a few years, they'd have seen even larger profits. But thats beside the point. I personally believe they canned it more because of transaction fees. At the time, bitcoin network was oversaturated due to an explosion of popularity which reduced it to unusable levels for everyday transactions.
You should be focusing on why other vendors are still supporting crypto and asking yourself why.
Never happening doesn't mean they don't try.
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But a lot more are dependent on the absence of them.
That is almost a fundamental statement, requiring logical proof.
It's like with a computer program that can contain vulnerabilities - fixing vulnerabilities might introduce new ones, and new functionality intended for security can contain new vulnerabilities in itself, possibly making the whole even less secure than without it.
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Even the "legit" parts are only used by people to try to get richt from it. It isn't a currency and won't ever be.
And as an investment it is bad. At least with real investments the company actually uses the money to improve. Crypto is nothing more than a sock under your bed.
You are wrong.
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I do too, its just not changing the world. I don't have issues with motion sickness but it is a bit of a chore to wear a quest 2 for more than an hour or so. Still theres a bunch of great games and experiences on there.
Fortunately I don't really fatigue from it much, if anything I just got hot after a while.
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Don't need to be the owner to grift.
Web3 is Going Just Great
A timeline recording only some of the many disasters happening in crypto, decentralized finance, NFTs, and other blockchain-based projects.
(web3isgoinggreat.com)
And grifting is specific to any one form of currency because...?
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What is the point of using them if you are expected to switch them to an actual real fiat just to keep your value?
Well, you said it: using crypto.
I believe you don't hold massive stacks of cash under your bed, though you might occasionally withdraw cash.
I also believe you don't keep all your money on your normal bank account. You invest some, as investing is better in some situations.
Well, for crypto it's the same. Sometimes it's better to pay in crypto, like in situations where you don't want to be tracked because you're privacy concious, or maybe because you don't trust or hate banks, or because you like the technology and want to see it develop, or because of international payment/transfer fees, or because your economy is overinflated (like in poorer countries)...
You can also decide to take the potential risks and hold the crypto, or just swap to a stablecoin. Stores prefer switching to fiat to simplify their legal declarations, have clear incomes and expenses. They just accept crypto because customers want to pay with it.
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Web3 is Going Just Great
A timeline recording only some of the many disasters happening in crypto, decentralized finance, NFTs, and other blockchain-based projects.
(web3isgoinggreat.com)
The entirety of blockchain is a scam. And especially Bitcoin.
Not sure what your link is supposed to prove. I could make the exact same site but with problems related to the banking system, and trust me, it would be a lot worse.
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So you're saying there is a group out there pumping and dumping hundreds of billions equivalence to USD?
I think you should learn more about the stock market. It's literally a lie point blank and totally manipulated aggressively by actors who aren't even THAT big.
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I think you should learn more about the stock market. It's literally a lie point blank and totally manipulated aggressively by actors who aren't even THAT big.
Okay but we were talking about BTC pump and dumps and to perform that on the massive scale which dwarfs any stock ticker below the top 5 by hundreds of billions of dollars while somehow completely illuding people who watch the blockchain like hawks for big movers...
It's just not feasible. You would have to be much richer than the official richest man on earth and have almost all of your assets liquid and then on top of that you would need millions of wallets acting asynchronously. And why would you even bother? If you're that rich you could just not hide it.
