Speculation makes it harder because it causes price volatility, which is good and bad. There are services like bitrefill, travala and coincards that make very easy to buy almostanything using crypto. Of course if somebody accepts crypto directly i prefer them.
I’ve been living on cryptocurrencies only for the last >6 years. Buying groceries, travels and whatever else i need. So yes, people do that. You don’t hear about it because people are too busy talking about speculators and price movements.
Cryptocurrencies are seeing high adoptions in country where banking is limited, in the rich country is 99% speculation.
Lol. “Banks are good. Except those giving banks services”
The main appeal is the ability to make transactions without intermediaries. The problem is that most people have as the only interest to get richer and richer and there will be always other people happy to sell them that dream… For a fee. These are the vastmajorituy of the people in cryptocurrencies, but that doesn’t disreguard the power and utility of the technology. It’s easy to shit on the tool, but the real problem is the greed-driven society we live in.
The dollar is the favourite currency for that stuff. Cryptocurrencies are meant to take power away from banks and give it to the people. Sure, the vast majority of the people use them for spsculation, but that doesn’t make the technology useless. It’s just that people are mostly interested in making as much money as they can. That’s a society problem, not cryptocurrency’s.
That doesn’t seem right. In 2023 they actually lost more ground than they gained. At least that was the situation until this september, but i don’t think there where significant developments in the last 2 months.