▲ 1028 ▼ Wife changing money (thelemmy.club) submitted 4 months ago by FirmDistribution@lemmy.world to c/lemmyshitpost@lemmy.world 92 comments fedilink hide all child comments cross-posted from: https://lemmy.ml/post/46379297 Source: r/buttcoin
[–] Tar_alcaran@sh.itjust.works 9 points 4 months ago (2 children) That graph is hilarious. If euros looked like that, nobody would be using them. permalink fedilink source parent hideshow 4 child comments replies: [–] prole@lemmy.blahaj.zone 3 points 4 months ago* (1 child) That's comparing apples to oranges. What you want to compare to Euros are charts for stable coins. Which, for the legitimate ones that are fully backed, are basically horizontal straight lines. permalink fedilink source parent hideshow 2 child comments replies: [–] booly@sh.itjust.works 1 point 4 months ago (1 child) the legitimate ones that are fully backed The other commenter was trying to use that chart to tell us that cryptocurrencies are somehow better than fiat currencies as a store of value, despite their wild swings in value in the most stable one that isn't backed by fiat currency. permalink fedilink source parent hideshow 2 child comments replies: [–] prole@lemmy.blahaj.zone 1 point 4 months ago* Fully backed by the currency that they are pegged to? They are backed by stable currency. USDC for example permalink fedilink source parent [–] LifeInMultipleChoice@lemmy.world 2 points 4 months ago That's what we have been saying? permalink fedilink source parent
[–] prole@lemmy.blahaj.zone 3 points 4 months ago* (1 child) That's comparing apples to oranges. What you want to compare to Euros are charts for stable coins. Which, for the legitimate ones that are fully backed, are basically horizontal straight lines. permalink fedilink source parent hideshow 2 child comments replies: [–] booly@sh.itjust.works 1 point 4 months ago (1 child) the legitimate ones that are fully backed The other commenter was trying to use that chart to tell us that cryptocurrencies are somehow better than fiat currencies as a store of value, despite their wild swings in value in the most stable one that isn't backed by fiat currency. permalink fedilink source parent hideshow 2 child comments replies: [–] prole@lemmy.blahaj.zone 1 point 4 months ago* Fully backed by the currency that they are pegged to? They are backed by stable currency. USDC for example permalink fedilink source parent
[–] booly@sh.itjust.works 1 point 4 months ago (1 child) the legitimate ones that are fully backed The other commenter was trying to use that chart to tell us that cryptocurrencies are somehow better than fiat currencies as a store of value, despite their wild swings in value in the most stable one that isn't backed by fiat currency. permalink fedilink source parent hideshow 2 child comments replies: [–] prole@lemmy.blahaj.zone 1 point 4 months ago* Fully backed by the currency that they are pegged to? They are backed by stable currency. USDC for example permalink fedilink source parent
[–] prole@lemmy.blahaj.zone 1 point 4 months ago* Fully backed by the currency that they are pegged to? They are backed by stable currency. USDC for example permalink fedilink source parent
[–] LifeInMultipleChoice@lemmy.world 2 points 4 months ago That's what we have been saying? permalink fedilink source parent
