Live data from Hacker News

Follow the Crypto

followthecrypto.org

11–20 of 118 posts

Re: Follow the Crypto

#11
post #9

A voluntary monetary system that you can use to avoid crushing money printing and inflation? What monsters

Copy-and-paste meme shitcoins are not a "monetary system". Thanks!

The post you are replying to did not state that they were. You can easily look up practical application of cryptocurrency by looking up stablecoin usage over time.

Re: Follow the Crypto

#14
post #11
post #9

Earlier quoted context omitted.

Copy-and-paste meme shitcoins are not a "monetary system". Thanks!

The post you are replying to did not state that they were. You can easily look up practical application of cryptocurrency by looking up stablecoin usage over time.

You're gonna convince people there are practical applications of cryptocurrencies outside of grift and crime when they actually see them and find them useful in their own lives, and not before.

Re: Follow the Crypto

#15
post #14
post #11

Earlier quoted context omitted.

The post you are replying to did not state that they were. You can easily look up practical application of cryptocurrency by looking up stablecoin usage over time.

You're gonna convince people there are practical applications of cryptocurrencies outside of grift and crime when they actually see them and find them useful in their own lives, and not before.

Yes. Stablecoins are a proxy for real world usage.

Re: Follow the Crypto

#16
post #11
post #9

Earlier quoted context omitted.

Copy-and-paste meme shitcoins are not a "monetary system". Thanks!

The post you are replying to did not state that they were. You can easily look up practical application of cryptocurrency by looking up stablecoin usage over time.

"stablecoin" is a misnomer. Perhaps they should be called temporarily stable coins, because they tend to fail under pressure.

https://chainsec.io/failed-stablecoins/

Re: Follow the Crypto

#17
post #16
post #11

Earlier quoted context omitted.

The post you are replying to did not state that they were. You can easily look up practical application of cryptocurrency by looking up stablecoin usage over time.

"stablecoin" is a misnomer. Perhaps they should be called temporarily stable coins, because they tend to fail under pressure. https://chainsec.io/failed-stablecoins/

USDC is more collateralised than your bank is (if you bank in the US).

Re: Follow the Crypto

#18
post #9

Earlier quoted context omitted.

Copy-and-paste meme shitcoins are not a "monetary system". Thanks!

[flagged]

At least in the US inflation seems to be cooling down and only experienced a 3% yoy inflation rate last month.

Monero in the same time frame technically only experienced just over 1% inflation but from June to July this year is experiencing 12% inflation and then had nearly 19% deflation a few months back. Just crazy volatility compared to USD. Would be pretty hard for the average person to make ends meet in that kind of environment.

And wars are definitely fought using or even over crypto these days.

Re: Follow the Crypto

#19
post #17
post #16

Earlier quoted context omitted.

"stablecoin" is a misnomer. Perhaps they should be called temporarily stable coins, because they tend to fail under pressure. https://chainsec.io/failed-stablecoins/

USDC is more collateralised than your bank is (if you bank in the US).

It's not. The FDIC is ultimately collateralized by the entire US economy and will change the rules on a whim to collateralize ineligible depositors as seen in the silicon bank fiasco. On paper there is a limit but in practice it is as high as the rich and powerful like.

It's not even a problem if they run out of imaginary money because the fed can simply ease in more to the FDIC via debt shell games.

Post reply on HN