Re:Blockchain is not only crappy technology but a bad vision...
by salamandersauce on Tuesday January 18, 2022 @08:31AM
(#29978746)
How does crypto solve that problem? Bitcoin has had a 1 year minimum of $30,000 and a maximum of $68,000. Etherium has had a 1 year minimum of $1200 and a 1 year maximum of $4800. I don't know about you but putting all my savings into a "currency" that is so volatile. "Stablecoins" don't seem all that stable either. Plus you have the high cost of transactions for many of these "currencys".
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Re:Blockchain is not only crappy technology but a bad vision...
by vintermann on Tuesday January 18, 2022 @09:05AM
(#29979257)
Stablecoins are perfectly stable, right up until the moment they aren't. They're only as good as the legal regime actually forcing the stablecoin provider to fulfill their promises of backing.
At that point, why not just bank with the legal regime you're already implicitly trusting?