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by thaway2839 1633 days ago
I have a simple question.

Are cryptocurrencies supposed to be good currencies, or good investments?

Because you cannot be both. The purpose of a good currency is diametrically opposed to the purpose of a good investment.

1 comments

Yes you can.

USDC is a stablecoin based on USD backed by USD-equivalents.

BTC is a cryptocurrency designed to be created from energy, and with a finite supply.

YFI is a cryptocurrency that get distributed rewards from the decentralized organizations profit-seeking strategies (like a hedgefund).

All "cryptocurrency" means is that it exists on a blockchain really.