Coins with daily usability | Bitcointalksearch.org

wxa7115

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Quote from: Godwinpaul on June 29, 2022, 10:52:39 AM

Quote from: Kweek on June 27, 2022, 03:59:44 PM

Given that Bitcoin is considered a store of value, can you use a cryptocurrency that can guarantee day-to-day usability? How to go to bakeries, fill up the car, travel, etc? Do you know any coins like this?

When it comes to daily usability, the best coin we have is bitcoin. This is because bitcoin has the highest acceptance rate in the world, the second could be ethereum and probably a few others. Every other altcoin are held for investment purposes and not for their usability. The world is yet to accept cryptocurrency and this could be tied to the fact that the market is volatile in nature.

This is what many of those which are holding altcoins simply do not get, even if a coin has a massive market cap that does not mean the coin is used for anything in particular, traders and investors only speculate with the price and they are not interested in using such coin for their daily purchases.

Bitcoin and ethereum monopolize almost all the real purchases made with cryptocurrencies, with bitcoin holding a huge lead over ethereum as well to the point I have yet to see a single website in which you could pay with ethereum but not with bitcoin.

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Quote from: Kweek on June 27, 2022, 03:59:44 PM

can you use a cryptocurrency that can guarantee day-to-day usability? Do you know any coins like this?

Now In addition to Bitcoin, there are many other coins that guarantee day-to-day usability. But the use of Bitcoin is the most. And because it is protected from other alt-coins, it is widely used in the world and has the highest trade volume. So if I have to prefer a coin, I'll suggest Bitcoin first. Then I would suggest Ethereum, BNB, LTC as alt-coin as their use is increasing day by day.

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How to go to bakeries, fill up the car, travel, etc?

I will suggest these websites for find out which bakeries , Car shop , travel etc are accept cryptocurrencies.

Cling18

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Quote from: Godwinpaul on June 29, 2022, 10:52:39 AM

Quote from: Kweek on June 27, 2022, 03:59:44 PM

Given that Bitcoin is considered a store of value, can you use a cryptocurrency that can guarantee day-to-day usability? How to go to bakeries, fill up the car, travel, etc? Do you know any coins like this?

When it comes to daily usability, the best coin we have is bitcoin. This is because bitcoin has the highest acceptance rate in the world, the second could be ethereum and probably a few others. Every other altcoin are held for investment purposes and not for their usability. The world is yet to accept cryptocurrency and this could be tied to the fact that the market is volatile in nature.

Bitcoin has been really functional. It's being used to purchase different stuff and even being used to pay for services. There are just limits since not all business types accept cryptocurrency. In our country, we're able to pay our bills using Bitcoin which is really convenient. I'm sure that there will come a time that even huge businesses would mind accepting cryptocurrencies.

Godwinpaul

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Quote from: Kweek on June 27, 2022, 03:59:44 PM

Given that Bitcoin is considered a store of value, can you use a cryptocurrency that can guarantee day-to-day usability? How to go to bakeries, fill up the car, travel, etc? Do you know any coins like this?

When it comes to daily usability, the best coin we have is bitcoin. This is because bitcoin has the highest acceptance rate in the world, the second could be ethereum and probably a few others. Every other altcoin are held for investment purposes and not for their usability. The world is yet to accept cryptocurrency and this could be tied to the fact that the market is volatile in nature.

crwth

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This would be dependent on the company that is taking up on it. There are a lot of people who are trying to accept their supported altcoins. I'm thinking of this as the total volume being generated when using the actual coins, and a study shows that 88% of the total volume of cryptocurrencies is held by the top 10 cryptocurrencies in the digital world. So probably the coins that will have the daily usability would come from the top 10 unless the business owners will have their own or something,

The top 10 currencies now^{(upon posting)}
BTC, ETH, USDT, USDC, BNB, BUSD, ADA, XRP, SOL, DOGE.

I would expect that these are the currencies that could dominate the usability.

MadeMen

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Quote from: Kweek on June 27, 2022, 03:59:44 PM

Given that Bitcoin is considered a store of value, can you use a cryptocurrency that can guarantee day-to-day usability? How to go to bakeries, fill up the car, travel, etc? Do you know any coins like this?

Cryptocurrency is yet to attain that height at which it would be used for mundane transactions, the best we have now is for a cryptocurrency to be accepted by individual merchants. Some merchants have built a system at which cryptos could be readily converted to fiat without barriers and as such accepts a wide range of cryptocurrencies.

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Quote from: Kweek on June 27, 2022, 03:59:44 PM

Given that Bitcoin is considered a store of value, can you use a cryptocurrency that can guarantee day-to-day usability? How to go to bakeries, fill up the car, travel, etc? Do you know any coins like this?

I don't know any altcoin that can be used for day-to-day usabilities such as payment for bakeries, marketplace, or transportation. But I know some altcoins that can be used to pay bills, and buy online products since many third-party payment gateways are able to integrate some cryptocurrency as a mode of payment.

Kunnu

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After Bitcoin I consider Litecoin a decent store of value asset I have paid my internet data bills many times through Litecoin although in my country there are not much LTC use cases available nevertheless I believe in near future there will be more use cases available because the adoption of crypto currencies in my country is increasing rapidly so I am expecting more usability options of Litecoin and BTC in future.

Dart18

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A lot of time I see "Bitcoin accepted" tag at the door but I have never seen yet one altcoin that is being accepted as a payment option.
In physical usability I cannot name one, but in online usage there's a lot. An example would be in gambling platforms where options like BTC, ETH, USDT, LTC and more.
The other one is BNB which is mostly used now for transactions as NFT's are using BSC as for withdrawals and deposits because of its cheap transaction fee.
We are not yet on that time that cryptocurrency is being used by merchants. Credit cards are still number 1 and so is cash.

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Quote from: Kweek on June 27, 2022, 03:59:44 PM

Given that Bitcoin is considered a store of value, can you use a cryptocurrency that can guarantee day-to-day usability? How to go to bakeries, fill up the car, travel, etc? Do you know any coins like this?

nowadays Bitcoin is being widely accepted in so many IRL Stores. Companies. and in so many online digital markets and websites. so I think Bitcoin is that coin you are looking for. other than Bitcoin I prefer a Stablecoin in a fast Chain. I like USDC but for these kind of quick transactions and shopping. I'd prefer BUSD because it is pretty fast in confirming. very efficient in such occasions.

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Quote from: 1SATOSHl on June 28, 2022, 03:03:57 PM

Quote from: Kweek on June 27, 2022, 03:59:44 PM

Given that Bitcoin is considered a store of value, can you use a cryptocurrency that can guarantee day-to-day usability? How to go to bakeries, fill up the car, travel, etc? Do you know any coins like this?

If you think you will find a coin that will be more accepted than bitcoin, forget it. Bitcoin with lighting is very perfectly usable as a daily currency, so there is no room for an altcoin.

A bitcoin transaction is slower compared to some altcoins, some altcoins send a transaction in half a second, Bitcoin can't do all this alone that's why it won't be the only coin that survives in the long run, any smart merchants out there must be willing to accept more than just BTC as means of payment.

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Being based upon bitcoin's source code means it has a proven blockchain and infrastructure, but with the added benefits of being able to transfer non-digital assets efficiently. Right now, few people actually use these coins for anything other than holding. But I think many investors have an interest in this type of currency and believe we will see better real-world applications within the next year or two.

I think the key takeaway from this should be that a store of value is quite different from a currency. For one thing, a currency does not necessarily need to be digital, which is an important distinction. Cash qualifies as both a store of value and a currency, but it's not digital. its physical nature means that it's entirely usable in every country around the world, despite having to be transacted face-to-face.

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Quote from: Kweek on June 27, 2022, 03:59:44 PM

Given that Bitcoin is considered a store of value, can you use a cryptocurrency that can guarantee day-to-day usability? How to go to bakeries, fill up the car, travel, etc? Do you know any coins like this?

I think Bitcoin is currently not fully used for travel, bakeries, etc. as daily transactions.

USDT in my opinion is a good step if you use it as a daily coin, because the usdt value is relatively stable in terms of dollars, so to use it as a main payment is not too difficult, easy for you to use and exchange with fiat anywhere.

blockman

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Just take the example of the exchange coins, they're used every day for their own platform. And the same goes for casino coins, they're also being used daily for their own purpose whether it's for the casino, staking, or trading. But for an overall use, nothing beats bitcoin and that's for real.

Quote from: 1SATOSHl on June 28, 2022, 03:03:57 PM

If you think you will find the coin that will be more accepted than bitcoin, forget it. Bitcoin with lighting is very perfectly usable as a daily currency, so there is no room for an altcoin.

I agree and if there will be an alternative it will be ETH but with a fee? I don't think it's the most ideal.

ninis45

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at the moment some altcoins provide e-commerce services but it seems that users are less interested in it while for daily use I think it is easier to use fiat with a need for a few cents....because not all shops and traditional markets provide payment services crypto-based except that with the use of larger funds then using bitcoin is more profitable

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Quote from: Kweek on June 27, 2022, 03:59:44 PM

Given that Bitcoin is considered a store of value, can you use a cryptocurrency that can guarantee day-to-day usability? How to go to bakeries, fill up the car, travel, etc? Do you know any coins like this?

Nope! For a cryptocurrency to become usable on a daily basis, needs to cut down on the transaction fees. In the current situation, none of the cryptocurrencies are fit for daily use. Many people would argue that in some cryptos, the fees are very less and have fast confirmation time. But my question is that - why would I pay fees on transactions?

If I buy something for $10, I want to precisely pay $10 only and I want immediate payment confirmation. So for daily transactions, fiat is the best option we have.

Xal0lex

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Although some altcoins are becoming available to pay for goods and services, the use of these coins as a means of payment, much less everyday payment, is being minimized. This is true even for bitcoin, which as a means of payment is more widespread than other cryptocurrencies. The reason for this is that people do not see cryptocurrencies as a means of payment or try to give cryptocurrencies utilitarian properties. All use of bitcoin and altcoin comes down to speculation and pump&dump schemes.

1SATOSHl

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Quote from: Kweek on June 27, 2022, 03:59:44 PM

Given that Bitcoin is considered a store of value, can you use a cryptocurrency that can guarantee day-to-day usability? How to go to bakeries, fill up the car, travel, etc? Do you know any coins like this?

If you think you will find the coin that will be more accepted than bitcoin, forget it. Bitcoin with lighting is very perfectly usable as a daily currency, so there is no room for an altcoin.

wxa7115

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Quote from: Kweek on June 27, 2022, 03:59:44 PM

Given that Bitcoin is considered a store of value, can you use a cryptocurrency that can guarantee day-to-day usability? How to go to bakeries, fill up the car, travel, etc? Do you know any coins like this?

Bitcoin is not only the best store of value that we have in this market it is also the best coin to use for your everyday needs, for some time it was believed that bitcoin will end up like gold and only be held by whales and be used on big transactions.

But thanks to the lightning network now you can use bitcoin even for small purchases once again and pay a low fee because of it, so do not get deceived by those which say that bitcoin cannot be used in this way anymore because they are lying so they can try to promote their coin as the solution to those nonexistent problems.

Anonylz

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Btc is the most accepted coin in most online/offline stores. Other altcoins can be eth, xrp, trx, bnb (not so sure) depending on the store or business. I think for every business out there that accept crypto as alternative payment option btc is always included, whatever other popular altcoins they decide to included btc is always available.
In a nutshell, btc is the only coin I believe that has the highest day to day usability because of the high number of acceptance, btc may be considered as store of value by the majority but it still remains the most widely used.

Topic: Coins with daily usability (Read 228 times)