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Because crypto is not money. It was envisioned as a peer to peer money but it quickly attracted scamsters and it became a speculative instrument. Besides, most
by yashg 4y ago
Because crypto is not money. It was envisioned as a peer to peer money but it quickly attracted scamsters and it became a speculative instrument. Besides, most of the world has alternatives to PayPal that work just fine and most of the time free.
- everfree 4y agoStablecoins are money. PayPal also quickly attracted scamsters. Some of the world doesn’t have alternatives to PayPal, and sometimes they are not free.
- yashg 4y agoStablecoins are casino chips. Casinos at least have equivalent cash on hand to encash them. Stablecoin issuers are printing them out of thin air.
- everfree 4y ago> Casinos at least have equivalent cash on hand to encash them. Stablecoin issuers are printing them out of thin air. I'm sorry but you have no idea what you're talking about. I bet you couldn't even name three stablecoins and describe how they maintain price stability. Hint: There are three main backing types (tradfi-backed, overcollateralized, algorithmic), and two peg types (fixed, floating).