TLDR: I repeatedly mention that crypto doesn't make sense but the tech behind it could enable things like stablecoins but they won't make anyone 100x money but that is the point of them and I love them for it
Here is the last paragraph which I wrote which might be apt right now
> The tech is cool, but it is doomed to fall and if it doesn't, then I am fine too, I don't care. I am happy with my index funds and gold and even basic stablecoins. I am content. I don't want 100x returns.
Also fun fact: This article That I wrote repeatedly urged stripe to create a stable cryptocurrency themselves and few months after this article stripe released a collaborated stable cryptocurrency or something which was super nice to me as that's what I wanted. Not sure what the progress is on it but I saw it on HN and it looked super dope and exactly what I wanted if they integrate it into stripe nicely.
Agreed. Its just that sometimes these regulations would've made damn hard for me to get money without having something like paypal and that had its bunch of issues as well
I think that even in the article I had wrote that 99% don't need stablecoins as well but for people for whom USD or gold access could be hard, I can maybe see some usecase but then again as I said 99% don't need it but for the 1% like me who did, that's all there is to worry about. Maybe monero can have some usecase too since people use it as an actual currency but even then I would only buy monero in low quantity and still keep most money in stablecoins or most preferably banks as you said.
There are cryptocurrencies which are equal to gold (paxg)
Those and some good stablecoin like USDC are all that I trust.
I literally have all my money that I ever got somehow from people with whom I worked/coded as a teen but couldn't get a bank account.
https://justforhn.mataroa.blog/blog/most-crypto-is-doomed-to...
TLDR: I repeatedly mention that crypto doesn't make sense but the tech behind it could enable things like stablecoins but they won't make anyone 100x money but that is the point of them and I love them for it
Here is the last paragraph which I wrote which might be apt right now
> The tech is cool, but it is doomed to fall and if it doesn't, then I am fine too, I don't care. I am happy with my index funds and gold and even basic stablecoins. I am content. I don't want 100x returns.
Also fun fact: This article That I wrote repeatedly urged stripe to create a stable cryptocurrency themselves and few months after this article stripe released a collaborated stable cryptocurrency or something which was super nice to me as that's what I wanted. Not sure what the progress is on it but I saw it on HN and it looked super dope and exactly what I wanted if they integrate it into stripe nicely.
Edit: https://tempo.xyz/ is what I was talking about