• kibiz0r@midwest.social
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    1 year ago

    Once someone was able to buy that first pizza with Bitcoin is when it became legitimized. As long as people are willing to exchange it for real items, it’s a legitimate currency.

    He paid someone else in Bitcoin, but that person bought the pizza in USD. Even today, no major business is accepting direct crypto payments for anything besides publicity stunts. There are, however, plenty of services which automate what happened in the “crypto pizza” case: they’ll convert it to USD for you so that you can say the transaction was kinda sorta done via crypto.