[nicholasbraker]

Apart from that you don't want to have the volatility of most crypto to be a means of payment. "wait, my hard earned products are now worth 50 % less than an hour ago because some influencer in his basements mom did a rugpull?"

[mu53]

there are many coins that don't fit this description

[bcrl]

I'm sure that a ban on proof-of-work mining would cause an equivalent or greater amount of damage to the value of various "coins". At least with actual metal coins you can melt them down and make things from the metal should the coin devalue unexpectedly.

[jjk166]

The article lists volatility of the exchange rate as the most important factor.

[whimsicalism]

stables exist

[talldayo]

  > find new stablecoin
  > look inside
  > it's powered by asset speculation

Makes me chuckle every time

[mindcandy]

This is a strawman that assumes choosing between the volatility of a memecoin or USD/Euro when the reality of the situation being discussed is choosing between the volatility of a USD-pegged stablecoin vs. that of a developing nation's currency.

[multjoy]

lol, a pegged stablecoin. The very thought.

[GauntletWizard]

The only thing getting pegged in stable coins are the idiots left holding the bag.