this post was submitted on 30 Jan 2025
341 points (99.1% liked)
Games
33603 readers
1581 users here now
Welcome to the largest gaming community on Lemmy! Discussion for all kinds of games. Video games, tabletop games, card games etc.
Weekly Threads:
Rules:
-
Submissions have to be related to games
-
No bigotry or harassment, be civil
-
No excessive self-promotion
-
Stay on-topic; no memes, funny videos, giveaways, reposts, or low-effort posts
-
Mark Spoilers and NSFW
-
No linking to piracy
More information about the community rules can be found here.
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
except there are things like tether and usdc which are fixed to the value of the US dollar permanently.
Not sure why your down voted. I have used them before to transfer money and works fine. It's exactly why it exists. I wouldn't store money there, but for transfers and transfer out, they work perfectly fine.
a lot of people on here are geezers and don't understand it. they are literally calling USD (the actual currency of the United States!!!) a pump and dump scam. thats all you need to know.
It's because supposed stablecoins often also end up being scams.
Yeah, i get that. But the 2 mentioned are fine and not going anywhere unless something catastrophic happens. I wouldn't use some sketchy ones either.
Lol Tether a company that claims to have $100 billion in reserve to back its currency but has never had an audit. Nothing sketchy about that at all.
It's been around for 9 years now. I use it sometimes for transfers, and that's it. It's not an investment I'm looking to throw money into and hope it doesn't go belly up. If you really look, I'm sure you're right. Probably all of them do some level of unethical to illegal activity. I am just commenting on the fact that to use the stable coins for transfers it's going to be pretty safe and I am not worried about it, unlike the pump and dump coins that pop up.
Lemmy fuckin hates crypto lol
anyone with a functional brain and a flash of cognitive self awareness hates crypto.
cause its a fuckin scam designed to screw over rubes.
One of those stable coins was once found to not having a single cent backing it, unlike what the team behind it claimed.
Risk for risk, I stick to the feeless coins.
I only say this because the parent comment was in reference to payments and the reply was talking about investment inflation / deflation. for strictly sending payments, stablecoins can be okay. but as for crypto shit as a whole I'm not a fan of what it's become.