News for hackers. Stuff that matters.

A comment on The endless search for a crypto use case. Parent comment

Re:The endless search for a crypto use case by amanj41 on Tuesday August 02, 2022 @12:59PM (#32321277)
I have no problem with properly regulated stablecoins (and hoping they come about soon). Blockchains are only necessary for one thing and that is cryptocurrency. Doesn't matter if that currency happens to be a digital representation of EUR or USD or whatever.

If you think they're more expensive to use than centralized providers, you're probably using ethereum or bitcoin. I can send USDC on Algorand in any quantity for less than a cent

[ Parent | on HN ]
Re:The endless search for a crypto use case by rahimnathwani on Tuesday August 02, 2022 @01:27PM (#32321701)
When I said 'fiat money', I meant stuff that you can use to buy things in a store. I live in a city that has a large blockchain community, but I'm not aware of any physical retailers that accept payment in USDC.

I imagine folks receiving remittances in Manila, Mexico City, Nairobi, Delhi etc. would have difficulty using stablecoins (whether backed or algorithmic) to buy food and other necessities.

[ Parent | on HN ]