Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Ethereum: Welcome to the Beginning
by
barabbas
on 20/07/2017, 23:37:55 UTC

But not like this. Why the hell would people want a tokenized fiat? It makes no sense.

Why not just use the established cryptocurrencies for day to day payments...

Price stability??

You mean 10% inflation / yeaar? 99.9% of the value of USD was lost in the past 100 years...

No thanks. I like if my wealth is going up not down. Cryptocurrencies mostly go up in price.

And that's why the price of BTC is up today over 30%. Not as a currency, because it would be absurd to pretend to use a coin that in a couple hours can have swing, both ways, of 30% or more, but as a store of value. Those who bought under $2,000. Are making a mint, not just stowing value that will go much higher and definitely much higher than gold in tears to come. Whether they choose to trade and cash in the profits or keep it gaining long-term value, it is not a currency that can be used on a daily basis. The dollars has lost very little value in the last 6 months with respect to other currencies... except bitcoin, of course. Or ETH, even this blasted ETH that has been halved and is having serious trouble gaining traction. Or practically any other cryptos. That said, the risk of being robbed by hackers will need a much higher valuation for the vast majority of people to put real money in. Only speculators.