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submitted 9 months ago by misk@sopuli.xyz to c/technology@lemmy.world
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[-] zergtoshi@lemmy.world -1 points 9 months ago

Not all crypto are the same.
Nano has been designed as digital money.
It has no mining, 0 fees (none for transactions, none for opening accounts), finalizes transactions sub-second (typically), has no built-in throughput limits and works across (political) borders.
I'd say these attributes offer some use and value.

[-] BleatingZombie@lemmy.world 0 points 9 months ago

Does my grocery store or gas station accept it?

[-] zergtoshi@lemmy.world 4 points 9 months ago

Just because it's useless to you doesn't mean it's useless in general.

[-] FaceDeer@kbin.social 3 points 9 months ago

Does your grocery store or gas station accept Qatari riyals?

[-] BleatingZombie@lemmy.world 1 points 9 months ago

If that were my local currency, then I'm sure they would

[-] FaceDeer@kbin.social 2 points 9 months ago

At which point your local grocery store or gas station wouldn't be accepting whatever currency is your current local currency. The point would remain the same - a currency doesn't have to be universally accepted everywhere on the entire planet for it to still be a useful currency.

this post was submitted on 09 Feb 2024
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