• locuester@lemmy.zip
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    9 hours ago

    crazy swings in value

    There’s plenty of trustworthy stablecoins now. And lending platforms have far better yield than a tardfi savings account.

    You don’t even need to speculate on some volatile token to move your savings onchain. Do it for the usd rate.

    You’ve hit on another problem with the industry, and that is the fact that we are focused on the speculative network or project coins when retail would benefit so much from the network without changing their unit of value. They can just use USD.

    We need to stop trying to sell Bitcoin as store of value or eth/sol as gas and start just onboarding usd.

    • sugar_in_your_tea@sh.itjust.works
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      7 hours ago

      My issue with stablecoins are that pretty much nobody actually accepts them for payment, whereas I can usually find someone to accept Bitcoin, ETH, or Monero, and of those, Monero is my favorite (less speculation, low transaction costs, privacy).

      If stablecoins were commonly accepted, I’d probably use them for payment.