Discuss.
31 sats \ 0 replies \ @cameri 14 Aug 2022
If it isn't Bitcoin then it's a shitcoin.
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19 sats \ 1 reply \ @kilianbuhn 14 Aug 2022
yes.
But to their credit: they don't claim to be more than that.
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13 sats \ 0 replies \ @DemandUtopia 14 Aug 2022
There are definitely different levels of shitcoins. The "change the world" / "get rich quick" schemes are the worst (NFTs, DiFi). Straightforward solutions that don't advertise quick gains are less bad (stable coins).
Still not a great place to store your wealth, but not outright pump and dumps.
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15 sats \ 0 replies \ @zanon 14 Aug 2022
yes.
but we should definitely consider geographies where economic and political situations are unstable and stablecoins can be an easy way for people to get hold of dollars, that many times in the very short and urgent term will be more useful and pratical to them than BTC. I do appreciate BTC would (or will) ultimately solve that, but the context many of us lives in the world doesn't come so simple.
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6 sats \ 0 replies \ @el_zonte 14 Aug 2022
yes
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6 sats \ 0 replies \ @BitcoinMaximan 14 Aug 2022
Yes, because it depends on a centralized authority
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3 sats \ 0 replies \ @mathbit 14 Aug 2022
Stablecoin = Fiat + nonBtc Crypto
Fiat = Government control + Irresponsability
nonBtc Crypto = Pseudo-Descentralized + Scability
Stablecoins are, at the end, Pseudo-descentralized cryptos with a better scability than Fiat but with the same irresponsability of being controlled by governments.
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