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You're right, we're still not there yet. I love the idea of cryptocurrency but it's being treated more like a speculative investment vehicle than a currency for goods & services. Sure, you can buy some stuff with it but its volatility is generated through all of the speculators.

It needs to be stabilized if we're ever going to replace fiat currency.




What happens to stablecoins when central banks hand out digital wallets [1] to everyone alongside instant payments [2]?

[1] https://www.atlanticcouncil.org/blogs/econographics/the-rise...

[2] https://en.wikipedia.org/wiki/Instant_payment#Examples_of_in...


Fiat systems impose the risk of opacity, regulatory heuristics and reversible transactions.




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