[Svartalfiar]

What is unique about "cryptocurrencies" is that they are created by people and not governments created purely from a shared electronic ledger known as a blockchain.

However, as with any money, it is only as good as the trust given by society who uses it, and as a software developer my self, I can foresee a total collapse once an inevitable flaw is found in the software used to guarantee the integrity of a "blockchain".

A big issue I see with them is the volatility. How can you price goods to a currency that has increased in "value" all over the place? BTC is currently "worth" $49407. A month ago, $63M. Six months, $16M. A year ago, $9400. Four years, $1800. Six years, $240. Just this year, it's been a nonstop roller coaster between $40M and $60M. 30-50% gains/losses every other week. And the only way it's even this constant is because its worth is pegged to the dollar, which gives it a relative value. Imagine what it would be doing if there was no dollar equivalent people could convert it to?

There's no way companies with thousands or millions of products on the shelf can update all those prices every month. Or weekly. Or daily. Or really, hourly/minutely since that's the only way to not lose a fortune from having the wrong prices on stuff.

[Pollard]

and it’s going to settle down until all bitcoin has been distributed, probably in the year 2140. Other tokens will be sooner. ALGO will be 2040 iirc.

[Pollard]

A big issue I see with them is the volatility. How can you price goods to a currency that has increased in "value" all over the place?

Stable coins. USDC is pegged at and backed by the USD. Some are pegged to and backed by gold or silver. I don't know of any pegged to OSB. LOL

[aMorePerfectUnion]

“ A big issue I see with them is the volatility. How can you price goods to a currency that has increased in “value” all over the place?”

Really more of an asset than a currency…

There are stable coins that are closer to currencies.

I note that the US dollar is declining in purchasing power every year for decades.

Crypto has increased its purchasing power.

So it isn’t just about stability.