[fragmede]

A crypto currency pegged to the dollar won't "go to the moon". If you're looking for that, there's USDT.

Unfortunately, when trying to pick a coin, it's like trying to choose the best programming language. Each coin has its own ins and outs, there isn't one that is the best. They have their own time and place. A lot of people see this and want to use them in inappropriate places, but doesn't mean there aren't appropriate reasons for them, even if they're few and far between.

[Quindecillion]

> Each coin has its own ins and outs, there isn't one that is the best. They have their own time and place.

This is just wishy washy rubbish trying to appear "diplomatic" and "balanced". Oh sure, you can mint some monkey jpegs or construct a needlessly complex and public smart contract for some esoteric "use case", but the truth is the majority of people in the world don't want or need those things.

People just want a money that works. You can send or receive it instantly across international borders, that no one can stop, and it doesn't lose it's value over the years.

Bitcoin is the only game in town, the "crypto bros" just don't realise it yet because they can make obscene amounts of money from pump and dump schemes with flashy marketing about "use cases" and "yield".

Wake up or get burned, again and again.

[vikingerik]

> that no one can stop

People don't want that. They do want their financial transactions to be stopped and reversed in the event of theft, fraud, merchant error, defective goods, unprovided services, etc. That's why Bitcoin and the other cryptos haven't caught on universally, there's no recourse when something goes wrong. (Really, Bitcoin just defines any redress as out of scope.)

[politician]

> People just want a money that works. You can send or receive it instantly across international borders, that no one can stop, and it doesn't lose its value over the years.

Pure fantasy.

On cross-border trade that cannot be interdicted: There is no reason for any state to deny itself from sanctioning its adversaries.

On currency valuation: An economic zone has many many actors making independent decisions which in aggregate affects the value of the zone’s currency. The ability to debase a currency by over issuing it is identical to the ability to expand the supply to provide liquidity to a growing economy.

[kylebenzle]

Agree, but BTC stopped being "Bitcoin" as defined as "peer tomorrow digital cash" long ago.

Now BCH is closer to Bitcoin and still works great. BTC is just a ponzi scheme for morons at this point

[plagiarist]

I was under the impression that all of the "pegged to the dollar" coins are too fragile for storing money long term. But USDT dropped down to 94 cents during the crash I was thinking of when others more thoroughly collapsed. What's the difference there?

[sgjohnson]

> But USDT dropped down to 94 cents during the crash

While that is true, they were redeeming them 1:1. So you could buy them at a 6% discount on the exchange, but redeem them, for free 6%.

Few people did because enough of them thought that USDT is going to the ground, causing the discount.

[kylebenzle]

It's actually INCREDIBLY easy.

99% are scam to be ignored, so really just looking at the oldest "coins" works.

Basically there is only BTC, BCH, XMR and ETH to choose from (of you cant tell the rest are scams that's on you).

Between those 4, BTC is a ponzi scheme for morons that doesn't really work as cash, eth is a hobby security but has equal potential to break or go to $1million.

That leave BCH and XMR, the only two cryptocurrencies that are not obvious scams.

[earnesti]

I pay quite a lot of stuff with BTC, either onchain or lightning network. I don't see BCH or XMR accepted nearly as much.