Hey people of steem,
So I am sure you have read at least one article or heard an argument from someone that bitcoin or cryptocurrency is not valid because they cannot spend it anywhere. I can't buy a coffee with it argument. But that is an old conversation that is missing the point of current and future cryptocurrencies. And even in itself it is a fallacy as there are a lot of things you cannot spend that are still valuable. You cannot take a bar of gold to Starbucks.
Let's start with the value. Think of all the things you cannot spend readily that are worth money. Gold, stocks, your house. These are things that you cannot bring to a store and spend easily. They are assets of value and, like bitcoin and other coins, they can be worth a lot of money. All you need is a way to exchange them and they are valuable. And bitcoin can be easily sold for fiat. There is also advantages bitcoin has over items like gold as it can be sent globally for pennies anywhere in the world.
But lets go beyond that to other coins. When paired with smart contracts you can do pretty incredible things. You can use them to reward gamers or as an in-game currency (and games like WOW already proved these economies are worth money). You can reward content like steemit does. You can have a ride sharing service that does not need a middle man. Or other services as well. You can use them to reward members and give people perks based on the number they hold. There are a lot of uses for a coin as a long as you can trade them for fiat in the end of the day, and since you can, there is no need to be able to buy coffee with it.
