this post was submitted on 30 Oct 2026
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How many people use it with its intended purpose vs people using it as an "investment"?
Wishful thinking won't make it less of a scam
Exactly. Stocks weren't meant to be traded as a way to make money. They were meant to represent ownership in a company that payed out dividends.
But then finance bros being finance bros, figured out they could gamble against a stock's value and potentially make even more money.
Then it became normalized.
At least there are rules now and some oversite. It used to be a literal secret group of men, in a room, deciding value and who gets what.
How many people buy houses as an investment instead of living in them, how many people buy oil as an investment instead of using it for fuel, how many people buy gold and silver as an investmen instead of using them for jewelry or industrial applications, how many people buy dram as an investment instead of putting it in their computers... I guess it's all a scam then? What a dumbass take. Besides, store of value is one of the intended purposes of a crypto currency, I don't see how you can hold against it the fact that more people are opening their eyes to how valuable this property of crypto really is in the face of their life saving being vaporized by the money printer.
M2 - money supply, USD
Bitcoin supply
Monero supply
Many of them, yes.
Not sure what you are trying to show with your graphs, but if you cannot use bitcoins to buy everyday stuff, then it's value is still tied to the economy and every advantages crypto has is almost all moot because you can't pay rent or buy groceries or a new car. So it's your local currency with extra steps, and good fucking luck using your coins in a case of emergency.
Its value is directly linked to the economy, if the Fed is printing money, your crypto coins will lose value.
One could say the same about trucks being used as a status symbol but that doesn't discount their utility.
These people still use the truck as a truck, even though it's superfluous.
Most people hold bitcoin hoping it will gain USD value, so that they can trade it back and be rich. Nobody is buying their groceries with their cryptowallet
I've seen quite a few people online with crypto donation wallets that presumably use it to get anonymous donations to pay rent with