There are better cryptocurrency options to Bitcoin now, including stabletokens that are specifically designed for this purpose. Hopefully they go to one of those instead.
Because the “have fun being poor (as I gamble my life savings on a website with pump and dump basically in the name)” crowd outnumbers and is much louder than the “I am using this decentralized currency because authoritarians will inevitably strangle anything with a single point of control” crowd.
Branding and public image is a large part of currency circulation, as far as I’m aware. My first impression and instinctual thoughts on cryptocurrencies as a whole are vehicles for money-laundering and general fraud, even if there are examples to the contrary.
Same reason why the Russian ruble or the Chinese Yuan aren’t generally used as foreign reserve currencies for the majority of nations - too volatile, and histories of manipulation.
106 to 76 to 120 in the last four months is not large fluctuation? 30 % variance is quite high to me.
There are better cryptocurrency options to Bitcoin now, including stabletokens that are specifically designed for this purpose. Hopefully they go to one of those instead.
I don’t understand why people first think of memecoins when there are a few stablecoins like USDT or USDC?
it’s also not always easy to buy those. nobody wants to use cryptocurrency unless it is easy to get cryptocurrency
isn’t USDT tether, which is completely unbacked?
Because the “have fun being poor (as I gamble my life savings on a website with pump and dump basically in the name)” crowd outnumbers and is much louder than the “I am using this decentralized currency because authoritarians will inevitably strangle anything with a single point of control” crowd.
Branding and public image is a large part of currency circulation, as far as I’m aware. My first impression and instinctual thoughts on cryptocurrencies as a whole are vehicles for money-laundering and general fraud, even if there are examples to the contrary.
Same reason why the Russian ruble or the Chinese Yuan aren’t generally used as foreign reserve currencies for the majority of nations - too volatile, and histories of manipulation.