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one more shitty techbrofad down (slrpnk.net)

submitted 2 months ago by stabby_cicada to c/memes

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https://www.goingconcern.com/ais-hype-phase-is-dying-and-fast/

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[–] LustyArgonianMana@lemmy.world 2 points 2 months ago* (last edited 2 months ago) (1 children)

Name one stable currency. All currency fluctuates (Forex trading). But yes, crypto is very volatile comparatively

[–] explodicle@sh.itjust.works 1 points 2 months ago (1 children)

How many more decades do you think until crypto stabilizes?

[–] LustyArgonianMana@lemmy.world 4 points 2 months ago* (last edited 2 months ago) (1 children)

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.

[–] KinglyWeevil@lemmy.dbzer0.com 2 points 2 months ago

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.