this post was submitted on 22 Mar 2025
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Huh, Weird... Every use I've ever used crypto for doesn't fall into these two categories. So I guess your assumptions and thus everything you based your logic/responses on must be faulty and incorrect.
I use Crypto much like I use my second language/citizenship. Rarely... However, that doesn't mean I don't use it legally. And simply holding onto the crypto != financial speculation. Nobody treats a savings account as "financial speculation".
I've paid for plenty of things from my crypto wallets. Ranging from several to thousands of dollars.
And yes, I would like my payment for toilet paper and bell peppers to be private. Strictly for the fact that I don't want Mega-corpo stores to be able to track and advertise to me based on my payment method. "Club cards" to advertise/track you are a thing. Large chains can do this same thing with payment methods details. So yes, being "real" here, I not only require it, but demand it.
Your premise is bad. And based on your other responses you don't care to address it at all.
Nothing what you wrote contradicts my original OP.
You using crypto to buy your toilet paper is not a mass scale use case and it is irrelevant.
You can of course be pedantic and say, well I buy toilet paper with crypto therefore what you're saying is wrong.
Way to go man!
So then you claim that being able to buy stuff isn't a "mass scale" use case...
You realize that's fucking stupid right?
As I said, I can and do buy things regularly (though "rare" comparatively with the normal fiat purchases) with crypto. Other's can do with me as well as the sites that I do it on do it as well. I can prove that by looking at the block chain and seeing the traffic in their wallets.
So "way to go man!" Unless you actually have something more meaningful than "nuh uh". You're kind of full of shit.
Edit: Lack of "big" vendors doing it != not possible at mass scale.
Dell at one point accepted crypto. They stopped because of regulation, not because of technical limitation. And sites like Newegg still accept it.
The need for privacy in crypto is significant and a hinderance to wide adoption. With most crypto if you send me money once I then know your wallet address and I can then look up every transaction you've ever made with that wallet and every future transaction you make later. Clearly that's a problem.
The fact that criminals are more motivated by privacy concerns doesn't reduce the need and expectation of privacy for the rest of us.
you have basically ignored one part of their response, and invalidated the other part. good job!