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I think stablecoins is where the cryptocurrency experiment is headed for the near & forseeable future. It's interesting to watch the experiment slowly give way
by scabarott 8y ago
I think stablecoins is where the cryptocurrency experiment is headed for the near & forseeable future. It's interesting to watch the experiment slowly give way to the reality of operating in the world at large. At least we still get some form of digital money. On another note, I think it's really concerning how much of a monopoly Coinbase is becoming in this space. They're probably the only corporate entity making any real (no-scam) money (in the US) and everyday they seem to be morphing into some kind of Goldman Sachs/Google/Microsoft hybrid of crypto-money.
- MrEfficiency 8y agoI would agree for non bitcoin cryptocurrency. Bitcoin has already established itself as a worldwide currency/store of value. Outside of bitcoin, smart coins failed due to their inability to scale. Bitcoin copy pastes or centralized currency coins are useless, day traders were obsessed and let these gain popularity. I do not expect these to last. Privacy coins have a chance to survive, but they will likely need to fix scaling issues. >Coinbase monopoly Give it less than 1 year, this board knows that development takes time. Feburary this year we were told by the US government that crypto was not going to be banned. This was huge news for everyone that had crypto for the last few years.