I was just having this interesting discussion with one of my friends and while he clearly understood cyrpto as a concept, he mentioned that he would not be able to truly believe in crypto until he saw actual use of crypto.
Of course there is a whole argument about whether investing and having it appreciate in value is a use in itself. But lets say we ignore the whole investment point (buying BTC/ETH and also ICOs) for a moment. Do you guys actually use crypto in any way? Do you use it to send money overseas? Do you pay for things with crypto? Do you write dapps and need ETH for gas?
I realized I might be more bullsih on crypto because more so than the average person, I actually make use of crypto to do the following:
- Transfer money. I have a close group of friends who are very into crypto and we actually pay each other in crypto pretty often. Its a lot faster than other methods actually. I actually find it much easier to money in general with crypto
- Pay for things with Ten X
- Pay for gas costs when deploying / executing smart contracts
- Pay for some services which accept BTC
- Register and ENS name
I just wanted to get a sense of how many people are actually using crypto vs buying and storing them as an investment. If so, what are the use cases. I wanted to collect more use cases so that I can make a point that crypto is more currency that it is tulip.