this post was submitted on 05 Oct 2024
490 points (89.6% liked)
solarpunk memes
2837 readers
513 users here now
For when you need a laugh!
The definition of a "meme" here is intentionally pretty loose. Images, screenshots, and the like are welcome!
But, keep it lighthearted and/or within our server's ideals.
Posts and comments that are hateful, trolling, inciting, and/or overly negative will be removed at the moderators' discretion.
Please follow all slrpnk.net rules and community guidelines
Have fun!
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Name one stable currency. All currency fluctuates (Forex trading). But yes, crypto is very volatile comparatively
How many more decades do you think until crypto stabilizes?
I don't think investors in crypto want it to lose volatility. But again, all currencies are subjected to volatility. No currency is perfectly stable. Hence, derivatives.
That was my point, in essence. Crypto fails as currency because the people in that market don't want it to be less volatile, making it bad for typical currency uses.
While yes, the relative values of currency fluctuate over time and in relation to one another, it's orders of magnitude less and driven by far more predictable and based on actual real world factors. Instead of Fomo, whims, market whales, and indecipherable white papers.