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You're implying that the current bear market is permanent. Most cryptocurrencies are deflationary in nature, so it's hard to accept the premise that there's "
by dajohnson89 8y ago
You're implying that the current bear market is permanent. Most cryptocurrencies are deflationary in nature, so it's hard to accept the premise that there's "piles of depreciating cryptocurrency" in general.
- zelly 8y agoYeah, I agree. I don't think this debit card is a good business idea. But Coinbase thinks cryptocurrency will be in a bear market for much longer since they thought this product would be a good play. No one wants to spend their crypto. It's better money than dollars.
- dajohnson89 8y agoIt's worse money than dollars, at the moment. There's work being done to make crypto better money, and efforts like this debit card are a step in that direction. People aren't spending their crypto because it isnt' as easy/economical to use, and yeah it's more likely to retain/grow in value than a stack of cash. And that's probably what you meant :-)