this post was submitted on 21 Feb 2024
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[–] [email protected] 2 points 8 months ago (1 children)

This will happen as long as people keep treating crypto as an investment instead of what it was actually designed to be; a currency.

[–] [email protected] 16 points 8 months ago (1 children)

It can never be a currency as the values fluctuate so wildly it is useless as one.

[–] [email protected] 2 points 8 months ago

It's "useless" now because prices are set in dollars, euro, yen or whatever fiat currency you use. Once somebody starts setting prices in bitcoin, monero, etc, then it won't matter how it fluctuates, cause if you have 1 XMR and something costs 1 XMR, then your crypto money keeps the same buying power no matter what its value to the dollar is.

Of course, we're pretty far from that happening mainstream, and it's actually pretty likely it will never happen (sadly, inho, but your opinion might differ).