Hacker News Reader

Comment by littlestymaar | Hacker News Reader

True, though in practice “stuff” means “drug dealing”. \s

It's fairly normal to receive payment in cybercoins if you're working for a company in the space. At least it was in the ICO era.

Yep. And then you can go spend them on

USD

Farmville

Iykyk

yes, if you don’t have marketable skills there are artificially crippled growth industries involving drugs or your body

that isn’t new with crypto

Coffeeshops here in NL only accept either cash or plastic.

There's already an entire industry growing up around enabling cryptocurrencies to be spent using traditional payment rails too, though, for those who don't want to see their governments print away the value of their money.

Coinbase itself has a debit card that deducts directly from your crypto balance and allows you to swipe the card anywhere that normally takes Visa. They're even a card issuer for Visa in their own right, so they don't have to do it through partner banks.[0]

Spending crypto is easy, whether the vendor opts into using it or not, so if you do get paid in it, it's easy to use.

[0] https://cointelegraph.com/news/coinbase-becomes-direct-visa-...

>for those who don't want to see their governments print away the value of their money.

The sad reality is that governments fail to do so. The irony behind your comment is that if they could, they would have stopped a long time ago.

I think we must be talking past each other or something. The purchasing power of every single fiat currency has trended down since the elimination of hard money standards, so as far as I can tell, every single government is printing away the value of its money.

I don't see how that's "failing to do so" if "so" refers to "printing away the value of their money"?

Reply on news.ycombinator.com