My $.02.
No one cares about your cents and dollars round here.
You should because crypto has no value unless converted to real-world or "fiat" currency.
My $.02.
false.
you can buy goods and services directly with crypto, without ever having to involve "fiat". its a currency in of its own.
Yes, but what LostDutchman is saying is that we still convert (in our minds) to USD or EUR to give BTC prices. This is because Bitcoin's value has changed very quickly and we as humans can't cope with such unstability.
Well, you and I are almost on the same page!
The problem with crypto is that it cannot be used at 99.9999999999999999999999999999999999999999999999999999999999999999999999999999
9999999999999999999999999999999999999999999999999999999999999999999999999999999
9999999999999999999999% of the merchants or services on the planet so it must be converted to something that is.
I am not seeking to change the World, I am not trying to bring crypto to the masses; I am only and I repeat ONLY trying to make money!
Mining BTC is an exercise in futility, so I mine LTC (And occasionally other scrypt), convert to BTC and then SELL OUT for good old US DOLLARS!
I keep some lying around for speculation and reinvest a substantial portion of my cash proceeds into more scrypt mining equipment.
Regardless of what anyone says, it is really ALL about the money and by "money" I mean dollars, dinars, drachmas, rubles, rupees or pounds fucking sterling.
UNIVERSALLY SPENDABLE STUFF!
My $.02.
