I feel like the value of a currency is defined by what you can purchase with it.
I am all for Bitcoin, Steem, or whatever currency is your favorite, but am I the only one that thinks if you are going to have a currency, it should be useful for something other black market BS?
Steem- nearly impossible to spend for something other than a nifty Steem hat or post promotion.
Bitcoin is accepted at a few places, but fees seem high.
USD- why bother changing something into crypto only to turn it back to USD? eliminate the middle man.
Am I missing something here? Why the attraction to currencies that are difficult to spend? Are we just waiting for the markets to develop?
I am hoping some of you crypto fans will bring some light to this. Without a market, money in any form seems useless. Buying money that has no legit purpose seems like a foolish endeavor.
Leave your answers in the comments below. Tell me, what have you purchased in the last week with crypto?
UPDATE
provided a great link: There is this thing where you can buy Amazon gift cards with Steem
It appears to be legit. I will give it a shot at the end of the week when some of my posts pay out. It looks promising. Still a bit clunky if they have to physically mail you a card. I am not sure how that goes.