Politicians’ newfound love of crypto probably has more to do with a cynical bid for young voter support and Silicon Valley cash than a maturing of a financially perilous set of assets.
Bitcoin is not practical for small purshases, because transaction takes several minutes, and have around 50USD per-transaction fee. Note the cost of fees and value of bitcoin vary wildly, so the same amount of bitcoin may be enough to pay rent in August, but not in September.
On a more ethical level, it’s also quite bad because of the insane energy cost of bitcoin transactions.
deleted by creator
Bitcoin is not practical for small purshases, because transaction takes several minutes, and have around 50USD per-transaction fee. Note the cost of fees and value of bitcoin vary wildly, so the same amount of bitcoin may be enough to pay rent in August, but not in September.
On a more ethical level, it’s also quite bad because of the insane energy cost of bitcoin transactions.
$50 per transaction fee is on the exceptionally high end.
The average fee for the last 24 hours was $0.81 per transaction according to https://mempool.space/mining
I agree with your other points.
I mean, I know I do it, but yea, not a lot of people do. Most see it as investing or gambling
Sadly we’re not really well represented, which leads to a lot of people calling all cryptos a “scam” which is just blatantly false.
Monero!