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I have a simple question. Are cryptocurrencies supposed to be good currencies, or good investments? Because you cannot be both. The purpose of a good currency
by thaway2839 5y ago
I have a simple question.
Are cryptocurrencies supposed to be good currencies, or good investments?
Because you cannot be both. The purpose of a good currency is diametrically opposed to the purpose of a good investment.
- Jommi 5y agoYes you can. USDC is a stablecoin based on USD backed by USD-equivalents. BTC is a cryptocurrency designed to be created from energy, and with a finite supply. YFI is a cryptocurrency that get distributed rewards from the decentralized organizations profit-seeking strategies (like a hedgefund). All "cryptocurrency" means is that it exists on a blockchain really.