Most cryptos that people think have the
potential of functioning as a medium of exchange (and therefore as money) are pseudonymous, and that's a big no no for many governments around the world...And why do we care about what the crooked govt around the world have to say about X or Y crypto?
Well, a medium of exchange should be largely accepted by the majority, right? If it isn't, because the govt and the law say that it (in this case, a cryptocurrency) is not
money, then say bye bye to crypto adoption = majority won't
use it, and it becomes a very niche money-like digital item. So, IMO one of the main things (other users above pointed out some more) stopping cryptos from becoming a medium of exchange is (ironically) one of their main strength: their pseudonymous (and in some cases anonymous) properties.
But it's not p2p though, sort of someone still in the middle to exchange my bitcoin to fiat to be able to be accepted by those services.
So I voted: "Yes, I used crypto many times mostly to pay for services"
You shouldn't have voted for that option because, according to what you said, you aren't exactly using crypto as
payment.
Not only are you using a
middleman to exchange your coins to fiat, but you're (most likely) also using a
middleman to pay for your services with fiat (like a bank in a bank transfer). The option "
I used crypto for X or Y" should be selected if the transaction was made directly to the vendor's wallet...Just saying (:
cryptocurrency are already playing the role of real money, they are already a medium of exchange and that’s the main purpose they were created.
