The appeal of crypto

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Crypto has great potential to transform payments.

It's great if you like slow transaction times.

Otherwise the appeal is the usual with this sort of thing: get rich quick(ly) without knowing anything or expending much effort.

Not all cryptos have slow transaction times.

Do you not understand the appeal of a decentralized currency?

I believed how people were calling it speculative and volatile but then I started doing my own research. I find it fascinating and useful and plan to allocate 5-10% in the near future.

So explain to us how it’s useful and why more than one crypto currency needs to exist.

Look, I have an artist relative who gets paid for their art through crypto because you can set all kinds of rules as to reserve prices and what not so the transaction occurs automatically after the conditions are met. She uses Etherium which seems to be the crypto used for actual transactions.

She immediately just converts it into cash and only keeps a small amount to handle some day to day aspects of her business.

However, it’s difficult to understand how that makes it an asset class. I guess it’s no different than getting paid in gold, but gold holds its value because of the belief there is a limited store of gold in the world, while it’s hard to understand how you believe there is a limited supply of an electronic currency.

If you believe in crypto, the idea is that the supply is indeed limited (more than gold).

The problem with crypto is that there are two competing trains of thought, and they are opposed to each other. Some treat crypto as an investment, basically a scarcity play. This makes crypto extremely volatile. Others think that it should be a decentralized currency, separate from central bank interference. To use it as a currency, it needs to be stable, which takes the speculative investment angle out of play.

The real question here is how crypto moves from investment to currency. I can't envision a world in which crypto keeps rising and the richest and most powerful people in the world are simply the ones lucky enough to get on the crypto train early. Governments simply won't allow it.

The bolded is part of the rationale behind stablecoin. Stablecoin is a form of crypto that facilitates speedy, low-cost money movement but without the volatility that comes with something like bitcoin.

The poster upthread who talked about slow transaction times does not know what they are talking about. The whole point of crypto for money movement is that money can move faster and more seamlessly and at lower cost, particularly across borders.

[Anonymous]

Anonymous wrote:Is crypto seen as cool and edgy because you get to be a rebel and a capitalist at the same time?

I don't know about that. I took it as a savings account which did 300%+ in two years. I'm too old to be a rebel.

[Anonymous]

Anonymous wrote:Crypto has great potential to transform payments.

As an investment, it makes a lot less sense.

Every single time someone tries to explain “blockchain payment rails” I just end up thinking … we already have credit cards for that. Maybe as a competitor to expensive wire transfers and remittances. But otherwise nah.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Crypto has great potential to transform payments.

It's great if you like slow transaction times.

Otherwise the appeal is the usual with this sort of thing: get rich quick(ly) without knowing anything or expending much effort.

Not all cryptos have slow transaction times.

Do you not understand the appeal of a decentralized currency?

lol, no, no I do not. I would like the government to run my monetary system thx.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Crypto has great potential to transform payments.

It's great if you like slow transaction times.

Otherwise the appeal is the usual with this sort of thing: get rich quick(ly) without knowing anything or expending much effort.

Not all cryptos have slow transaction times.

Do you not understand the appeal of a decentralized currency?

I believed how people were calling it speculative and volatile but then I started doing my own research. I find it fascinating and useful and plan to allocate 5-10% in the near future.

So explain to us how it’s useful and why more than one crypto currency needs to exist.

Look, I have an artist relative who gets paid for their art through crypto because you can set all kinds of rules as to reserve prices and what not so the transaction occurs automatically after the conditions are met. She uses Etherium which seems to be the crypto used for actual transactions.

She immediately just converts it into cash and only keeps a small amount to handle some day to day aspects of her business.

However, it’s difficult to understand how that makes it an asset class. I guess it’s no different than getting paid in gold, but gold holds its value because of the belief there is a limited store of gold in the world, while it’s hard to understand how you believe there is a limited supply of an electronic currency.

If you believe in crypto, the idea is that the supply is indeed limited (more than gold).

The problem with crypto is that there are two competing trains of thought, and they are opposed to each other. Some treat crypto as an investment, basically a scarcity play. This makes crypto extremely volatile. Others think that it should be a decentralized currency, separate from central bank interference. To use it as a currency, it needs to be stable, which takes the speculative investment angle out of play.

The real question here is how crypto moves from investment to currency. I can't envision a world in which crypto keeps rising and the richest and most powerful people in the world are simply the ones lucky enough to get on the crypto train early. Governments simply won't allow it.

The bolded is part of the rationale behind stablecoin. Stablecoin is a form of crypto that facilitates speedy, low-cost money movement but without the volatility that comes with something like bitcoin.

The poster upthread who talked about slow transaction times does not know what they are talking about. The whole point of crypto for money movement is that money can move faster and more seamlessly and at lower cost, particularly across borders.

Sure, lemme know when big companies are closing their international mergers with crypto because it is “faster and more seamless.”

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Crypto has great potential to transform payments.

It's great if you like slow transaction times.

Otherwise the appeal is the usual with this sort of thing: get rich quick(ly) without knowing anything or expending much effort.

Not all cryptos have slow transaction times.

Do you not understand the appeal of a decentralized currency?

I believed how people were calling it speculative and volatile but then I started doing my own research. I find it fascinating and useful and plan to allocate 5-10% in the near future.

So explain to us how it’s useful and why more than one crypto currency needs to exist.

Look, I have an artist relative who gets paid for their art through crypto because you can set all kinds of rules as to reserve prices and what not so the transaction occurs automatically after the conditions are met. She uses Etherium which seems to be the crypto used for actual transactions.

She immediately just converts it into cash and only keeps a small amount to handle some day to day aspects of her business.

However, it’s difficult to understand how that makes it an asset class. I guess it’s no different than getting paid in gold, but gold holds its value because of the belief there is a limited store of gold in the world, while it’s hard to understand how you believe there is a limited supply of an electronic currency.

If you believe in crypto, the idea is that the supply is indeed limited (more than gold).

The problem with crypto is that there are two competing trains of thought, and they are opposed to each other. Some treat crypto as an investment, basically a scarcity play. This makes crypto extremely volatile. Others think that it should be a decentralized currency, separate from central bank interference. To use it as a currency, it needs to be stable, which takes the speculative investment angle out of play.

The real question here is how crypto moves from investment to currency. I can't envision a world in which crypto keeps rising and the richest and most powerful people in the world are simply the ones lucky enough to get on the crypto train early. Governments simply won't allow it.

The bolded is part of the rationale behind stablecoin. Stablecoin is a form of crypto that facilitates speedy, low-cost money movement but without the volatility that comes with something like bitcoin.

The poster upthread who talked about slow transaction times does not know what they are talking about. The whole point of crypto for money movement is that money can move faster and more seamlessly and at lower cost, particularly across borders.

Stablecoin is to exchange crypto. it doesn’t have any other utility. Nobody is going to use it instead of their bank account and credit cards. Unless you are laundering money I guess.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Crypto has great potential to transform payments.

It's great if you like slow transaction times.

Otherwise the appeal is the usual with this sort of thing: get rich quick(ly) without knowing anything or expending much effort.

Not all cryptos have slow transaction times.

Do you not understand the appeal of a decentralized currency?

lol, no, no I do not. I would like the government to run my monetary system thx.

There's plenty of examples where poor government monetary policy tanked the value of a country's currency. USD is down 10% this year... but look at Argentina, Turkey for more extreme examples.

[Anonymous]

Anonymous wrote:It's for stupid people.

Stupid person here who is up 300%+ on crypto. Will retire early. 😁

[Anonymous]

Anonymous wrote:

Anonymous wrote:It's for stupid people.

Stupid person here who is up 300%+ on crypto. Will retire early. 😁

Some lottery winners retire early too. Though I guess you are right most have PhDs

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Crypto has great potential to transform payments.

It's great if you like slow transaction times.

Otherwise the appeal is the usual with this sort of thing: get rich quick(ly) without knowing anything or expending much effort.

Not all cryptos have slow transaction times.

Do you not understand the appeal of a decentralized currency?

I believed how people were calling it speculative and volatile but then I started doing my own research. I find it fascinating and useful and plan to allocate 5-10% in the near future.

So explain to us how it’s useful and why more than one crypto currency needs to exist.

Look, I have an artist relative who gets paid for their art through crypto because you can set all kinds of rules as to reserve prices and what not so the transaction occurs automatically after the conditions are met. She uses Etherium which seems to be the crypto used for actual transactions.

She immediately just converts it into cash and only keeps a small amount to handle some day to day aspects of her business.

However, it’s difficult to understand how that makes it an asset class. I guess it’s no different than getting paid in gold, but gold holds its value because of the belief there is a limited store of gold in the world, while it’s hard to understand how you believe there is a limited supply of an electronic currency.

If you believe in crypto, the idea is that the supply is indeed limited (more than gold).

The problem with crypto is that there are two competing trains of thought, and they are opposed to each other. Some treat crypto as an investment, basically a scarcity play. This makes crypto extremely volatile. Others think that it should be a decentralized currency, separate from central bank interference. To use it as a currency, it needs to be stable, which takes the speculative investment angle out of play.

The real question here is how crypto moves from investment to currency. I can't envision a world in which crypto keeps rising and the richest and most powerful people in the world are simply the ones lucky enough to get on the crypto train early. Governments simply won't allow it.

The bolded is part of the rationale behind stablecoin. Stablecoin is a form of crypto that facilitates speedy, low-cost money movement but without the volatility that comes with something like bitcoin.

The poster upthread who talked about slow transaction times does not know what they are talking about. The whole point of crypto for money movement is that money can move faster and more seamlessly and at lower cost, particularly across borders.

Stablecoin is to exchange crypto. it doesn’t have any other utility. Nobody is going to use it instead of their bank account and credit cards. Unless you are laundering money I guess.

A non gov stable coin is pretty suspect. Tether has never been fully audited. The prospect of goosing returns by issuing more stable coins than dollars for backing is too attractive.

[Anonymous]

Anonymous wrote:Is crypto seen as cool and edgy because you get to be a rebel and a capitalist at the same time?

It is tulips, 2025 style.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Crypto has great potential to transform payments.

It's great if you like slow transaction times.

Otherwise the appeal is the usual with this sort of thing: get rich quick(ly) without knowing anything or expending much effort.

Not all cryptos have slow transaction times.

Do you not understand the appeal of a decentralized currency?

I believed how people were calling it speculative and volatile but then I started doing my own research. I find it fascinating and useful and plan to allocate 5-10% in the near future.

So explain to us how it’s useful and why more than one crypto currency needs to exist.

Look, I have an artist relative who gets paid for their art through crypto because you can set all kinds of rules as to reserve prices and what not so the transaction occurs automatically after the conditions are met. She uses Etherium which seems to be the crypto used for actual transactions.

She immediately just converts it into cash and only keeps a small amount to handle some day to day aspects of her business.

However, it’s difficult to understand how that makes it an asset class. I guess it’s no different than getting paid in gold, but gold holds its value because of the belief there is a limited store of gold in the world, while it’s hard to understand how you believe there is a limited supply of an electronic currency.

If you believe in crypto, the idea is that the supply is indeed limited (more than gold).

The problem with crypto is that there are two competing trains of thought, and they are opposed to each other. Some treat crypto as an investment, basically a scarcity play. This makes crypto extremely volatile. Others think that it should be a decentralized currency, separate from central bank interference. To use it as a currency, it needs to be stable, which takes the speculative investment angle out of play.

The real question here is how crypto moves from investment to currency. I can't envision a world in which crypto keeps rising and the richest and most powerful people in the world are simply the ones lucky enough to get on the crypto train early. Governments simply won't allow it.

The bolded is part of the rationale behind stablecoin. Stablecoin is a form of crypto that facilitates speedy, low-cost money movement but without the volatility that comes with something like bitcoin.

The poster upthread who talked about slow transaction times does not know what they are talking about. The whole point of crypto for money movement is that money can move faster and more seamlessly and at lower cost, particularly across borders.

Stablecoin is to exchange crypto. it doesn’t have any other utility. Nobody is going to use it instead of their bank account and credit cards. Unless you are laundering money I guess.

Tell me you don’t know what you’re talking about without telling me.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Crypto has great potential to transform payments.

It's great if you like slow transaction times.

Otherwise the appeal is the usual with this sort of thing: get rich quick(ly) without knowing anything or expending much effort.

Not all cryptos have slow transaction times.

Do you not understand the appeal of a decentralized currency?

lol, no, no I do not. I would like the government to run my monetary system thx.

There's plenty of examples where poor government monetary policy tanked the value of a country's currency. USD is down 10% this year... but look at Argentina, Turkey for more extreme examples.

Are we in Argentina or Turkey? But sure, maybe Trump’s goal is to f up our monetary policy to the point where crypto seems better.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Crypto has great potential to transform payments.

It's great if you like slow transaction times.

Otherwise the appeal is the usual with this sort of thing: get rich quick(ly) without knowing anything or expending much effort.

Not all cryptos have slow transaction times.

Do you not understand the appeal of a decentralized currency?

I believed how people were calling it speculative and volatile but then I started doing my own research. I find it fascinating and useful and plan to allocate 5-10% in the near future.

So explain to us how it’s useful and why more than one crypto currency needs to exist.

Look, I have an artist relative who gets paid for their art through crypto because you can set all kinds of rules as to reserve prices and what not so the transaction occurs automatically after the conditions are met. She uses Etherium which seems to be the crypto used for actual transactions.

She immediately just converts it into cash and only keeps a small amount to handle some day to day aspects of her business.

However, it’s difficult to understand how that makes it an asset class. I guess it’s no different than getting paid in gold, but gold holds its value because of the belief there is a limited store of gold in the world, while it’s hard to understand how you believe there is a limited supply of an electronic currency.

If you believe in crypto, the idea is that the supply is indeed limited (more than gold).

The problem with crypto is that there are two competing trains of thought, and they are opposed to each other. Some treat crypto as an investment, basically a scarcity play. This makes crypto extremely volatile. Others think that it should be a decentralized currency, separate from central bank interference. To use it as a currency, it needs to be stable, which takes the speculative investment angle out of play.

The real question here is how crypto moves from investment to currency. I can't envision a world in which crypto keeps rising and the richest and most powerful people in the world are simply the ones lucky enough to get on the crypto train early. Governments simply won't allow it.

The bolded is part of the rationale behind stablecoin. Stablecoin is a form of crypto that facilitates speedy, low-cost money movement but without the volatility that comes with something like bitcoin.

The poster upthread who talked about slow transaction times does not know what they are talking about. The whole point of crypto for money movement is that money can move faster and more seamlessly and at lower cost, particularly across borders.

Stablecoin is to exchange crypto. it doesn’t have any other utility. Nobody is going to use it instead of their bank account and credit cards. Unless you are laundering money I guess.

A non gov stable coin is pretty suspect. Tether has never been fully audited. The prospect of goosing returns by issuing more stable coins than dollars for backing is too attractive.

The Genius Act requires auditing. As far as it goes, it actually seems to create a good structure for regulating stable coins. whether anyone actually uses them for purposes other than trading crypto, I’m not convinced will happen.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Crypto has great potential to transform payments.

It's great if you like slow transaction times.

Otherwise the appeal is the usual with this sort of thing: get rich quick(ly) without knowing anything or expending much effort.

Not all cryptos have slow transaction times.

Do you not understand the appeal of a decentralized currency?

I believed how people were calling it speculative and volatile but then I started doing my own research. I find it fascinating and useful and plan to allocate 5-10% in the near future.

So explain to us how it’s useful and why more than one crypto currency needs to exist.

Look, I have an artist relative who gets paid for their art through crypto because you can set all kinds of rules as to reserve prices and what not so the transaction occurs automatically after the conditions are met. She uses Etherium which seems to be the crypto used for actual transactions.

She immediately just converts it into cash and only keeps a small amount to handle some day to day aspects of her business.

However, it’s difficult to understand how that makes it an asset class. I guess it’s no different than getting paid in gold, but gold holds its value because of the belief there is a limited store of gold in the world, while it’s hard to understand how you believe there is a limited supply of an electronic currency.

If you believe in crypto, the idea is that the supply is indeed limited (more than gold).

The problem with crypto is that there are two competing trains of thought, and they are opposed to each other. Some treat crypto as an investment, basically a scarcity play. This makes crypto extremely volatile. Others think that it should be a decentralized currency, separate from central bank interference. To use it as a currency, it needs to be stable, which takes the speculative investment angle out of play.

The real question here is how crypto moves from investment to currency. I can't envision a world in which crypto keeps rising and the richest and most powerful people in the world are simply the ones lucky enough to get on the crypto train early. Governments simply won't allow it.

The bolded is part of the rationale behind stablecoin. Stablecoin is a form of crypto that facilitates speedy, low-cost money movement but without the volatility that comes with something like bitcoin.

The poster upthread who talked about slow transaction times does not know what they are talking about. The whole point of crypto for money movement is that money can move faster and more seamlessly and at lower cost, particularly across borders.

Stablecoin is to exchange crypto. it doesn’t have any other utility. Nobody is going to use it instead of their bank account and credit cards. Unless you are laundering money I guess.

Tell me you don’t know what you’re talking about without telling me.

lol ok. You tell me what stablecoin is for. No, a think tank paper on how we will use it to buy coffee is not enough.