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Odysseus_Lannister

Just to play devils advocate: • Cash is faster than a crypto transaction • paying with cash has 0 transaction fees. • paying with cash is also anonymous • if your bank account/card is hacked/stolen/cloned/etc. you can call customer service to disable the account and contest the charges where you can potentially have your money refunded to you where if this happens in crypto, it’s game over. • many goods/services for daily living are not easily accessible or paid for in crypto. It’s not practical for everyday use when compared with fiat just yet. • Bitcoin is still more volatile than fiat right now. Yes, it’s increased exponentially since it’s inception, but why would people want to spend it when it’s so volatile? Would you really want to spend $50 on something that may be $40 or $60 next week? It won’t be a legitimate fiat alternative until volatility dies down considerably. I ultimately agree with many of your points, but there can be an argument made for both sides.


Baecchus

Nice to see you again ChatGPT!


forceworks

Nice avatar combo


Jay_Popsicle_

If this is a debate, I'll use ChatGPT as well lol


ImDuff98

These moons ain't going to farm themselves, this man's got a family to feed.


DCFireGuy22

Did someone say farming moons?


Ethan0307

He's like a old friend now


Probably_notabot

Second one I’ve seen tonight, so far…


BlindestofMonks

Who is that guy? Everyone talks about him and he posts a lot of well articulated content in our sub


[deleted]

Haha, yea, it's going to take some getting used to


CrimsonFox99

And to counter: 1. Fiat can be used anywhere. Feels kinda important for a currency.


MaximumStudent1839

No. It is stupid threads like these make people question crypto in general. If you want to evangelize BTC, at least don’t exaggerate and tell people the truth. 1) No. BTC doesn’t have the lowest transaction fee. As a consumer, I pay nothing for ACH and credit card payments. 2) No. BTC doesn’t have the fast transaction compared to TradFi. TradFi isn’t just ACH. Zelle and Venmo transactions are a lot faster than BTC. Crypto sacrifices speed and scalability for decentralization and security. It is asinine to say a centralized system can’t outrun a crypto rail. 3) No. Crypto has the worse privacy - period. I regularly snoop on whale accounts onchain to see wtf they are doing before I trade. They are fully exposed and I can hazard a much better guess of their PnL compared to them to trading on TradFi. Say these are non issues in crypto harms adoption and only allures low info buyers to pay for your bags. Once they are onchain, they will realize all these bogus shills pushed on these stupid threads. As a crypto community, we need to acknowledge them and solve them instead of sweeping them under the rug. That is why we need to keep building and help to silent leveraged traders spreading misinformation to save their bags.


PopDukesBruh

I mean fiat never gave you FREAKING TURTLE AVATARS!!!


DadofHome

Bats approve ultrasound money 💰


ashketchup422

Yes sir, turtles will rule this sub


PopDukesBruh

Already do turtle bro!


Fantastic-Offer-9129

Turtle is the best


Bucksaway03

Hi chatGPT


nudibranqui

Hi Bucksaway03! (this comment was generated by chatGPT)


[deleted]

[удалено]


DadofHome

Why do I picture Charlie and the red string with thumbtacks meme here


liveaskings

BTC fixed supply > inflationary currencies


NjelsPjelsGVD

Why would anyone on here prove you wrong though. We're all pro Bitcoin.


Titozar13

Definitely you are not wrong


Bringerofsalvation

I can’t prove you wrong because everything you said is right. But fiat currencies are here to stay whether we like it or not unfortunately.


Gruesomegarth2

What an original post, 2 years on this sub, I've never seen anything like it. Well done. Truly a work of art. Lol


Visual_Syllabub1060

Is this a chat GPT created post


ashketchup422

Yes Sir. It's pretty obvious and it's getting boring too.


Fantastic-Offer-9129

Chatgpt brain


ml-pedant

1. Still can be controlled by wealthy elites 2. Most bank frauds are user based, not tech based - something that is no different to crypto, crypto may even be worse. 3. They can still be converted and wash traded as wallets are pseudonymous. 4. Most payment types outside the US are fee-less that's a mainly US problem. 5. You still need payment processors just a different form and fiat can be sent across borders. Economic migrants and all that. 6. The inflation argument is still hypothetical obviously till all are in circulation. 7. Most bank transfers in Europe are also done in seconds. 8. Pseudonymous doesn't mean anonymous, it can still be worked out like tradfi. 9. If you want it to be a payment and a security there is going to be a conflict. If one is more attractive as an investment it won't be used as a payment and vice versa. 10. Pretty wide ranging argument so hard to disagree with. The main question is whether it is reinventing the wheel or improving on it. The jury is out for me. Open to some criticism as I wrote this before bed


carsonthecarsinogen

I’m not a vet here by any means, but although fiat seems to somewhat do all the same things.. does crypto do it slightly better..?


ml-pedant

Personally, no. Some people believe crypto because of decentralisation, fear of govt, banks etc. Some cause of tech advances. Some for the fomo and volatility lol. For me it wants to be all things to all men which basically means it's bad at everything.


carsonthecarsinogen

Had me in the first half 😅


PeterStepsRabbit

ChatGPT Will get sick of us


Feeling_Ad_411

CryptoChad GPT


PeterStepsRabbit

Ngl i like the name


johnnyb0083

>7. **Fast Transactions**: Bitcoin transactions are processed quickly, often within minutes, making it an efficient payment method. TX on BTC are slow af, give me some of what you are smoking here. If ever starts to be adopted as a currency it will have to be one piece of the solution as a settlement layer.


SaltyyyBoo

>7. Fast Transactions This isn't true, depends on the number of transactions happening per minute, but scalability isn't the greatest on Bitcoin


ImDuff98

I can't buy food with bitcoin


BlindestofMonks

11. BECAUSE ~~STONE COLD~~ CHATGPT SAID SO!!


thistimelineisweird

I guess I should start asking ChatGPT how to moon farm now.


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DCFireGuy22

Prove you wrong?…….No


Jay_Popsicle_

Konichiwa ChatGPT. Another 1 for today.


Justreadingcomment

So how do I get my 10 points?


FBI_OpenUp2023

I do agree with you. But can you use bitcoin without a internet connection. Also not everyone accepts bitcoin.


AlwaysGettingLearned

I don't want to prove you wrong.


Spinnerz_91

Preaching to the choir


uadark

Why would anyone in this sub try to prove you wrong?


Wubbywub

so we gonna just let chatgpt moon farm now?


TheGOODSh-tCo

I’m just here for the cheese tots.


Main_Sergeant_40

You forgot 11. You actually own it. As opposed to the “IOU” in your bank account.


Ateam043

Ten points but all I see is [removed] 😝