this post was submitted on 09 Feb 2024
989 points (97.1% liked)

Technology

59534 readers
3195 users here now

This is a most excellent place for technology news and articles.


Our Rules


  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots


founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] zergtoshi@lemmy.world -1 points 9 months ago (1 children)

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 (2 children)

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 (1 children)

Does your grocery store or gas station accept Qatari riyals?

[–] BleatingZombie@lemmy.world 1 points 9 months ago (1 children)

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.