• shortwavesurfer@lemmy.zip
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      1 month ago

      I don’t see how considering that Monero, which is actually used by people as money, has a supply inflation of less than two percent. And if I remember correctly, Bitcoin also has a supply inflation of less than two percent. Other cryptos are not money. They are either utility tokens to be used for a specific purpose or complete and utter degenerate scams such as meme coins.

        • shortwavesurfer@lemmy.zip
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          1 month ago

          Do people price items in ETH or is it just a utility token for the Ethereum network? Because it seems more like the latter rather than the former. Like, will somebody sell you a toaster priced in ETH? Because I will sell you a toaster priced in Monero today. https://xmrbazaar.com/listing/ivSz/

          • deltapi@lemmy.world
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            1 month ago

            I mean, yeah. There are places to buy toasters with eth, BTC, ltc, or buy a gift card for a retailer and use that.

            • shortwavesurfer@lemmy.zip
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              1 month ago

              I mean yeah, I know you can buy lots of things with gift cards by buying the gift cards with the currency you intend to. But I mean like directly. As in you pay someone directly or narrow or Ethereum or whatever and they will send you a toaster or a coffee maker or a crockpot or whatever.