Anonymous #1 2w

Is there any purpose?

1

Anonymous #2 2w

You can use it for sketch online stuff but that’s niche

13

Anonymous #1 2w

Cross border payments, store of wealth in hyperinflation situations, stablecoins have a lot of utility A risk on asset / investment I don’t mind it at all, I quite like it, just know what it is yk. Meme coin’s and shit alt coins are a bit different but, I mean some people also do just fine being early to alt coins like Solana, XRP etc.

1

Anonymous #3 2w

No. I do not know what you mean.

15

Anonymous #3 2w

Yeah so basically useless got it

6

Anonymous OP 2w

… you don’t want to over allocate to crypto 🙄 I forgot why I don’t come here anymore

-3

Anonymous #1 2w

Whatever

0

Anonymous #3 2w

What do you buy cross borders all the time? Is hyper inflation in the room with us? I’m not saying it doesn’t have utility but it’s easily the most useless for normal everyday people in its current form and adoption

1

Anonymous #1 2w

What a bunch of snobs Buddy if you can’t appreciate it I can’t make you. Plenty of people allocate some amount of their capital to it. Often no more than 2 %, if Stanley Druckenmiller, Paul Tudor Jones, Marc Andreessen, Kevin O’Leary & Masayoshi Son, Tesla, Google (in stablecoins & paypal) all are okay with it to some extent & have accepted it as a reality of the world now, then I don’t think I give much of a fuck what you annoying college kids blurt out on an internet forum bc you got burned d

0

Anonymous #3 2w

dipping your toe in. Volatility is useful. If you don’t like it & can’t handle it stay away, but hop off the high horse as if you have some clue

1

Anonymous #3 2w

So no answer for what you’re buying with it got it

1

Anonymous #1 2w

You don’t have to be buying anything with it for it to have utility dumbass. Get out of your box. I have 0 interest in spending any time with you on this. You have the whole internet & LLM’s at your disposal. Figure it out yourself I’m not your secretary

1

Anonymous #3 2w

Okay run away then

1

Anonymous #3 2w

Besides the fact, people buy plenty with stablecoins & transact & trade in crypto 24 / 7 while markets are closed. Yes people actually do use it quite frequently for both cross border, tax sheltering & in hyperinflation situations. Many other countries in the world outside the US experience serious inflation situations & unstable currency situations. Much easier to use stablecoins than cash for them. And they do use them. XRP was made specifically for cross border payments. A lot of that capital

1

Anonymous #3 2w

Recently, I spoke with someone from the Federal Reserve who did a presentation on stable coins. In countries where their currency is extremely weak or where their financial institutions aren’t nearly as robust as ours are here in the U.S., stable coins allow them to have exposure to the dollar. But, for those of us who do already live in the U.S. and have access to banks and other financial services, it’s pretty useless.

1

Anonymous #3 2w

that flows through that 24 / 7 market eventually stays when there’s capped supply. It’s a lot of the reason why BTC, outperforms Ether & most other cryptocurrencies. It has a fixed supply, while Ether & most others don’t. I’m not your tutor, fuck off loser

1

Anonymous OP 2w

People use it to transfer money to gambling sites, prediction markets, etc in the US, to some people it’s just an investment. You guys are too focused on their being a singular hard purpose you can pin down nail to a bulletin board & point to. Paypal has their own stablecoin & a massive global merchant ecosystem of people who use it. Crypto is a substantial portion of robinhood, Block’s, venmo / Paypal’s revenue,

5

Anonymous #3 2w

It has a lot of small uses, but the utility is there if you actually want to look and spend some time on it instead of yapping to yourselves that nobody is paying with it in your 1st world corner if the globe, just allocating their disposable income into it. Circle, Tether, Ripple all have their own stablecoins & are massive buyers of US treasuries & have become a huge part of the global financial ecosystem and providing liquidity to it where other traditional methods are either too slow, not n

5

Anonymous #3 2w

niche enough, not private enough, not fast enough or just plain old not attractive or accessible to people for whatever reason. They all have market caps in the billions of dollars & people transact in each of them in the hundreds if millions everyday for whatever they’re doing. Ethereum has an entire protocol dedicated to the tokenization of assets that people find various uses for. Fucking figure it out you lazy dorks

5

Anonymous OP 2w

K

6

Anonymous #3 2w

*there

6

Anonymous #3 2w

Currency changing for fucks sake 😒…

1

Anonymous #3 2w

Liquidity & to transfer money if you want it in a neat phrase I guess. Fucking ridiculous

1

Anonymous #1 2w

Wdym? Theres tons of applications, its not necessary at all but to say its useless is wrong

5

Anonymous #3 2w

Even if the clouds parted and Jesus came down from the sky and told me it’s the 11th commandment that cryptocurrency is not “real” money. Wtf would it matter to me, what would it change for me or anyone else. You guys know you don’t have to be long right. What’s not to like, crypto’s volatile, if you want outsized returns, you have to hunt volatility. You can sell Ether or Bitcoin & make a lot of money if you’re right. Tf does this shit matter to me about whether people are buying anything with

1

Anonymous #3 2w

it. They trade it and move it. That’s honestly mostly all the fuck I care about or anyone cares about

1

Anonymous #7 2w

He already did what he could do for crypto with the genius act & the clarity act trying to pass recently. It’s not really his place to make anybody adopt cryptocurrency payment yk. Frankly, I haven’t given a shit for years whether people pay for stuff with it or not. Can’t believe we’re still having this conversation when 1 btc costs 60 k & a few months ago somebody paid 128 k for 1. I shouldn’t have opened my mouth

1

Anonymous #3 2w

Also, like, bitcoin is just not fast enough on chain or designed properly to realistically be used for payments at scale that require speed in the way credit cards or other cryptocurrencies, fintechs or Visa & Mastercard are. It has sort of a fix that people built on top of it that they call the lightning network that makes it as fast as the fastest stablecoins and alt coins, but I still don’t think most people are using it to buy groceries or anything. But they don’t have to, yk.

1

Anonymous #3 2w

“Mastercard recruits 85 partners to new crypto program including circle, paypal”

3

Anonymous smart_tiramisu 2w

My finance professor owns a wealth management firm, and his advice to us was to stay away from crypto/memecoins

4

Anonymous #7 2w

Yeah that’s pretty common advice from someone who manages money professionally. People like him focus on assets with long track records of generating value. Crypto and memecoins are driven more by hype and speculation than fundamentals, so it’s much more like gambling than actual investing. I agree with them though completely! I manage my own personal portfolio which has done very well, and it seems like him and I have very similar financial goals.

2

Anonymous smart_tiramisu 2w

That’s why I would much rather listen to people with years of experience, education, and credibility than some random influencer selling a course online

6

Anonymous #7 2w

Of course 😭 I don’t get why people seriously think one course is going to make them rich. I had to work my ass off and learn the hard way a bunch of times before I started reaping benefits

1

Anonymous smart_tiramisu 2w

Because they’re so desperate (especially young teens) to get rich quick, that they lack the mental capacity to genuinely consider the outcomes. That’s where influencers come in and exploit them. They have no morals.

4

Anonymous #7 2w

Some people are really helpful genuine sources and actually know what they’re doing, fwiw, before everyone thinks that every trading furu on instagram and youtube or in every book is a scam making most of their money from selling course

1

Anonymous #3 2w

Courses*

1

Anonymous #3 2w

Like you’re not going to learn how to do anything entirely by yourself. There are a ton of crappy trading & investment guru’s for whatever reason but, it’s not like nobody has ever published anything truly useful on the topic

1