Community post
"BTC Is Not Useful"
I recently took out a very small amount of BTC to pay for a Christmas dinner. It was the very first time that I had used my BitPay card. So I sent 17 in fees. I'm still very confused about when I can get a Monaco or Tenx or Centra card, but that is another story.
The dinner was absolutely delicious, probably the best meal of the year. However, the Fees put a spoiler on an otherwise very nice evening.
Now, I check out one of Bix's latest videos, and I love his comment. "Bitcoin is not useful." I would have to agree with him. It just really isn't.
Put in terms of scale, I paid 5x in fees that would I would have paid from an ATM in fiat.
In several of my earlier posts, I talk of LTC, VTC, GRS, and even XVG as currencies. (It seems XVG is getting some momentum these days, and perhaps will be the "Silver" to the Monero "Gold".)
https://youtu.be/rhucZtWf8z4?t=107
Legal Disclaimer : I am not a financial advisor, and this is not financial advice. Do your own research.
Replies (3)
BTC is a store of value asset. LTC or BCH will be better used for transactions.
That has been my sentiment for a good while, but it's terribly ironic that it is called a cryptocurrency. Perhaps a more appropriate name would be crypto-asset.
I also think like u.
Nowdays Crypto currency doesn't mean currency exactly it is a asset i think.
But span time, it would be currency after very very long time.
It's my only opinion for Cryptocurrency.