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How does crypto solve that problem? Bitcoin has had a 1 year minimum of $30,000 and a maximum of $68,000. Etherium has had a 1 year minimum of $1200 and a 1 yea
by salamandersauce 5y ago
How does crypto solve that problem? Bitcoin has had a 1 year minimum of $30,000 and a maximum of $68,000. Etherium has had a 1 year minimum of $1200 and a 1 year maximum of $4800. I don't know about you but putting all my savings into a "currency" that is so volatile. "Stablecoins" don't seem all that stable either. Plus you have the high cost of transactions for many of these "currencys".
- vintermann 5y agoStablecoins are perfectly stable, right up until the moment they aren't. They're only as good as the legal regime actually forcing the stablecoin provider to fulfill their promises of backing. At that point, why not just bank with the legal regime you're already implicitly trusting?