this post was submitted on 11 Sep 2023
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[–] [email protected] 2 points 9 months ago* (last edited 9 months ago)

Search results on DuckDuckGo for the search term "does anybody use cryptocurrency as currency". The top result is an article on decrypt.co named "The Truth About Bitcoin: People Aren't Using It As Currency." Part of the text of the article is also visible below the title. "In brief. Bitcoin was originally billed as 'a peer-to-peer electronic cash system,' but most cryptocurrencies aren't used for payments. Surveys have shown that the majority of Bitcoin is held for speculative purposes. While some retailers accept Bitcoin, purchases have suffered from higher drop-out rates than cards and cash payments."

That's a pro-cryptocurrency source. Scanning down the page, the first result from a source I recognize is an article called "Bitcoin Is A Cryptocurrency, But Is It Money?" from Forbes. It doesn't directly answer the question my search term asked, but it does say "Economists say that money performs three functions. ... Does Bitcoin do any or all these things? In brief, no."