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I mean, no. You could already just buy any other currency for that and you’d still be better off. Crypto, being a ponzi scheme, has price fluctuations that make
by mattmaroon 2y ago
I mean, no. You could already just buy any other currency for that and you’d still be better off. Crypto, being a ponzi scheme, has price fluctuations that make it undesirable as a store of wealth.
If somebody put all of their liquid assets in any major fiat currency and lost half of it in a couple months you’d be surprised. If that happened with a crypto currency you wouldn’t.
Which goes back to my statement that any benefits beyond gambling are only theoretical and haven’t actually materialized in 15 years of being told it’s coming any day now.
- nyolfen 2y ago> You could already just buy any other currency for that and you’d still be better off. Crypto, being a ponzi scheme, has price fluctuations that make it undesirable as a store of wealth. this is in fact the majority use-case when i refer to people disciplining their central banks -- savings are converted to stablecoins pegged to the dollar etc. there is no alternative system that ordinary people have access to; buying dollars at a foreign exchange business is regulated and incurs punitive fees to prevent this from happening.