this post was submitted on 21 Mar 2025
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Buy European

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[โ€“] [email protected] 2 points 1 week ago (2 children)

Doesn't work when the valuation goes up and down like a yo-yo. You need same currency.

[โ€“] [email protected] 3 points 1 week ago (2 children)

Stablecoin is a thing. So is a system to control inflation.

The more pressing issue to me is the core premise: a totally anonymized but publicly recorded financial system makes no sense, especially when the user generally wonโ€™t grasp it. Itโ€™s just begging for thieves and scammers, and thatโ€™s what it got.

[โ€“] [email protected] 4 points 1 week ago (1 children)
[โ€“] [email protected] 0 points 6 days ago (1 children)

Doesn't it use proof of work? Why the hell would anyone torch the planet for crypto? If they switch to something like proof of stake then maybe... like Nano, but anonymized sounds great.

[โ€“] [email protected] 1 points 6 days ago

And proof of stake provides yet another advantage to the already wealthy.

[โ€“] [email protected] 3 points 1 week ago* (last edited 1 week ago) (1 children)

But if you can't get rich, no one wants to buy it or use it. This is the conundrum of crypto.

[โ€“] [email protected] 3 points 1 week ago

Yeah, and that toxic idea has completely poisoned the well.

[โ€“] [email protected] 2 points 1 week ago (1 children)

Unlike fiat currencies most of the credible cryptocurrencies have increased in value over the past 10 years.

[โ€“] explodicle 0 points 6 days ago

These were the most credible cryptocurrencies 10 years ago. How many of them do people today recognize?

Beware survivorship bias.