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Cryptocurrencies are inherently bad currencies because of price volatility (except stable coins). That also makes them good speculative assets fwiw
by VHRanger 3y ago
Cryptocurrencies are inherently bad currencies because of price volatility (except stable coins).
That also makes them good speculative assets fwiw
- adgjlsfhk1 3y agoand stablecoins are always fraudulent
- mikhailfranco 3y agoUsually. But only if they offer you an intetest rate dramatically above the short-term rate on the corresponding govt bill/bond - e.g USD 2yr.
- idiotsecant 3y agoInteresting. You sound like you know a lot about the subject, to be so confident. Could you please explain how, for example, DAI is fraudulent?
- f33d5173 3y agoThe price volatility is an aspect of the fact that existing cryptocurrencies aren't very useful for paying for things, so that the only thing they're useful for is speculating. A cryptocurrency that lacked speculation and which was widely used for payment would be much more stable.
- more_corn 3y agoStanlecoins are even worse. When they unpeg as all must, everything falls apart.