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If your definition of money = using something for goods and services, the crypto has certainly exceeded that definition.


Yes that's why they accept it at Amazon and Alibaba right?


If you've ever used Alibaba you'd know that many sellers do accept it there.


Amazon doesn't accept cash. Is cash not money? They don't accept $foreignCurrency either, is that no longer money when you cross the border?

Or do you mean "money is what you can use to pay your taxes"? That works to exclude crypto, at least for most of the world.


Funny, Amazon does accept cash on delivery, so you are factually wrong.

Doubly wrong since Amazon also accepts gift cards which can be bought with cash.


Where does Amazon accept cash on delivery? Also, by this logic Amazon accepts electronic cash that can be "bought" with crypto, right? Maybe dollars are just gift cards for bitcoin :P


https://www.amazon.eg/-/en/gp/help/customer/display.html?nod...

> Cash on Delivery is available as a payment method for fulfilled by Amazon and some seller fulfilled items. If you have Gift Card balance in your account, you can redeem it and pay the remaining amount using Cash on Delivery payment method.


It’s quite easy to convert crypto into Amazon gift cards, which can then be used to buy stuff on Amazon. So it’s not exactly a big hop to go from crypto to Amazon.


Of course Amazon accepts cash. Cash on Delivery is one way. [1] Other ways are listed on Amazon's webpage entitled "Shop on Amazon, pay in cash". [2] Also, Amazon has teamed up with Western Union for your cash oriented shopping needs. [3]

[1] https://www.amazon.eg/-/en/gp/help/customer/display.html?nod...

[2] https://smile.amazon.com/b?ie=UTF8&node=19428273011&sa-no-re...

[3] https://www.usatoday.com/story/money/2019/09/18/can-you-shop...


So, it's "in egypt", and "yeah, you can use your cash at a bank that will send it to us digitally, because we don't take cash".

Obviously Amazon supports system that let you convert cash into digital, but that's something else.


No, it's not just "in Egypt". That's completely wrong.


I imagine they’re more than happy to take your cash at their 4-star and pop-up physical locations.


> Amazon doesn't accept cash. Is cash not money?

Cash is one form of USD, which is money.

In case you're wondering, a cash-only business accepts money too.


Here is a list of services that accept crypto directly

https://kycnot.me/


A crypto exchange or vpn is not quite the same as a store that sells goods like groceries, clothes or electronics or services like a lawyer's time, a doctor's visit or a haircut. I don't see any mainstream websites listed on that website. Regular people are unable to use crypto as money for regular things.


VPN industry is multi-billion, crypto exchanges are multi-billion, hosting is multi-billion. These are real industries - I mean a lot of people on HN are employed in companies that support and provide data / server hosting.

It starts with digital services and it spiders out from there. Enthusiasts who own retail stores accept crypto as a novelty or marketing strategy, but in 25 years it could be much more common.


None of that actually applies to this discussion, which is about crypto not being money. The example given for crypto being money was a website that listed things that are not goods and services people use to live their lives. The goods that people use to live are not vpns and secret crypto exchanges but groceries, automobiles, clothing, doctor appointments, etc.

If you have some other list of goods and services that people can repeatedly and reliably purchase using crypto, you can provide that to show that crypto is money. The earlier list is almost entirely crypto exchanges and vpns, which is hardly a useful list of goods and services for normal day to day products that people use.

If you can't purchase goods and services with crypto, crypto is not money.


>> "It starts with digital services and it spiders out from there."

Silk Road was 11 years ago.

When?


The first electric car was made over 100 years ago and they are still only a fraction of all the cars on the road. Revolutionary tech doesn’t always take over in 10 years let alone 100.


You're pushing a fake, invented history. Electric cars existed in the 1830's - about 200 years ago and 52 prior to gasoline powered cars. Electric cars were supplanted by gasoline powered cars. It's NOT that they just haven't caught on, yet.


Thank you for proving my point.


I can buy 4 VPNs with my crypto yay.


It's like we're living in the future.


It's like a who's who of cryptocurrency-based black markets and facilitators.




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