Quote from: CLS63 on October 23, 2019, 10:56:31 AM

Quote from: wxxyrqa on October 19, 2019, 09:08:12 AM

Today I read information that a G7 report on cryptocurrency was published.
The authors of this document stated that bitcoin and other cryptocurrencies are not reliable means of payment and seem dangerous for storage.
Nevertheless, the report refers to the fact that stable coins are the exception and that such coins have real potential for everyday use.
The team that conducted the research turned up that not a single global project of stable coins can be legally used until the relevant laws are adopted for control, regulation, etc.
But the document also mentions that Bitcoin and other cryptocurrencies are still a highly speculative asset class.

Guys, I ask you to comment on this matter. After all, many are interested in the question of how exactly the G7 report will affect the entire cryptocurrency market.

I think that G7 report is right about stable coins having a big potential. But I don't think that cryptocurrencies are not appropriate for everyday use like buying something by Bitcoin etc. . There are many people that prefers using Bitcoin instead of a fiat currency and the numbers of these people are getting bigger. On the other hand, I think that stable coins can be more appropriate to be made as local currency compared to Bitcoin or any other crypto.

I wonder what they mean by stable coins having real potential, real potential on their hands maybe? Because in this market the only cases in which stable coins are useful is to allow you to protect yourself from the volatility of the market when you are not watching the markets closely or when you firmly believe there is going to be a decrease in the price of most coins, besides those two cases stable coins do not really have any purpose or reason to exist.