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Apart from that you don't want to have the volatility of most crypto to be a means of payment. "wait, my hard earned products are now worth 50 % less than an ho
by nicholasbraker 2y ago
Apart from that you don't want to have the volatility of most crypto to be a means of payment. "wait, my hard earned products are now worth 50 % less than an hour ago because some influencer in his basements mom did a rugpull?"
- mu53 2y agothere are many coins that don't fit this description
- bcrl 2y agoI'm sure that a ban on proof-of-work mining would cause an equivalent or greater amount of damage to the value of various "coins". At least with actual metal coins you can melt them down and make things from the metal should the coin devalue unexpectedly.
- jjk166 2y agoThe article lists volatility of the exchange rate as the most important factor.
- whimsicalism 2y agostables exist
- talldayo 2y ago> find new stablecoin > look inside > it's powered by asset speculation Makes me chuckle every time
- mindcandy 2y agoThis is a strawman that assumes choosing between the volatility of a memecoin or USD/Euro when the reality of the situation being discussed is choosing between the volatility of a USD-pegged stablecoin vs. that of a developing nation's currency.
- multjoy 2y agolol, a pegged stablecoin. The very thought.
- GauntletWizard 2y agoThe only thing getting pegged in stable coins are the idiots left holding the bag.