DeDee
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Cryptocurrency is mostly fungible. For instance, I can go to CashApp and exchange an amount of my Bitcoin for cash. If I need the cash instantly, there's a modest penalty. If I can wait a few days for the cash to enter my bank account, then it's an even exchange at the current sell rate for Bitcoin at the time of the transfer.Is cryptocurrency actually fungible in the real world, though? Would a hard drive with a bunch of tokens on it be useful to buy an airline ticket, pay for a hotel room or buy food, clothing and other necessities?
JMO it might be hard to go on the run and support yourself with something like cryptocurrency. Would you have to resort to only associating with other people who believe this ”currency” has value?
Amazon accepts CashApp payment for items and they sell food, vitamins, soap and pancake syrup. I'll not list the stores where crypto is accepted as it may not be germain to the investigation, att.
It's simple to exchange cryptocurrency into cash or goods -- Not homes or cars yet tho as those are nonfungible items. Those purchases require a different type payment, att.
There are hundreds of cryptocurrency businesses. Pepe has been a recent fave.
Link goes to the trending top 100 cryptocurrencies with Bitcoin in the #1 spot.
Cryptocurrency Prices, Charts And Market Capitalizations | CoinMarketCap
There are online sites where one can purchase crypto. Some accept your Visa as payment. ONFO is/was different in that one "earned" crypto by sharing their code to others based on the pyramid system of network sharing. The more frequently your code was used, then the more tokens earned. The tokens are not tactile. They're virtual.
I cannot find ONFO on the trade exchange. Their Twitter hasn't been active since 2019.
https://twitter.com/onfocoin