I've used Bitcoin for many real world debt settlements and payments as well. This has never been a concern for me or anyone of my counter-parties. In fact, some of them even started asking me to only pay them back in Bitcoin because it's a lot easier to use and doesn't have cash limits like Venmo and other services.
Why would you think Im making stuff up? I've been on the crypto train for a while now, I'm trying to eventually go only crypto one day but it's pretty hard. When you need to help your poor parents pay for medical appointments and car repairs, the venmo limit of $1000 or whatever gets really old really fast.
Because these personal anecdotes that always pop up in crypto discussions always sound fake. Do you really want to go into this? For example, you say you settled many real world debts with crypto. What kind of debts?
Paying parents for medical bills/car payments, Buying my brother's old computers and other electronics, Building websites for my friend in Argentina and accepting crypto as payments, Splitting airbnbs with groups of friends, plenty of other examples but I'm not going to give you an itemized list of all my transactions.
Buying a $5000 car for my parents in particular was a nightmare because they needed the money quickly and the banking options I was looking at were either too slow or had cash limits or had fees. So I just sent it in Bitcoin, they cashed it out the same day on Coinbase and it was smooth and easy.
Receiving money from my friend in Argentina is obviously difficult when they dont have a USD bank account, so we just use crypto.
My brother and I are both crypto enthusiasts and we are comfortable settling our debts in crypto because it's so easy and we both prefer to keep our assets in crypto than USD.
If you think these anecdotes are hard to believe, you need to broaden your horizon in life. I'm not even that weird a person.
There's probably some selection bias at play there. The last time I used crypto for anything but hodling was to buy the starting seeds for the cannabis company I co-founded. I felt so much like a cyberpunk character!
Stories about use cases for crypto do sound unusually romantic or risky, but that's probably because sectors underserved by the banking system tend to be viewed as romantic or risky.
I've got friends in many different continents because I have worked for several international companies in my career. Sorry that you can't wrap your head around the idea of someone needing to transfer money internationally, but that is something I need to do sometimes.
Me too! I haven't used crypto for that yet. But for small value transfers <$100, me and my friends have sometimes exchanged Amazon Gift Cards with each other.
I'm really only interested in talking about crypto, but that's because I'm really 100% about that life. I am for sure biased on this subject, but everything I've said is the truth. There is literally zero incentive for me to waste my time lying on the internet to try to pump my internet money. I cannot influence a multibilion dollar cryptocurrency market with a single HN account.
