, cryptocurrencies that are ostensibly backed by reserves of dollars and other financial assets that should help keep their value stable, proved fragile amid the downturn.
The new technologies have created products that could not have been imagined before, including digital playthings that are often of little practical value, such as nonfungible tokens and meme cryptocurrencies. But there are also some useful ones such as smart contracts that allow financial assets to be bought and sold directly without the intervention of traditional intermediaries. This should, at a minimum, lower costs and improve efficiency by creating competition for entrenched institutions.
Second, as the technology matures and operates within regulatory guardrails, it could start playing a role in improving the workings of the financial system. In particular, the technology has the potential to make certain elements of finance, including payments, more efficient. Regulation is also necessary to ensure that cryptocurrencies do not sow more financial instability. Even stablecoins, which were ostensibly just meant to make payments more efficient within and across national borders, have proved financially fragile. Stablecoins have in effect become similar to money market mutual funds or deposit-taking institutions while not being regulated as either.
Sounds awfully sanguine.
Yes. Crypto is future.
No. Crypto currencies are driven by greed. Greed doesn't have time to iron out the wrinkles and squash the bugs in the software. So crypto currencies will always be fundamentally flawed and broken.
With luck, it'll crash and burn and dis-appear forever.
Lol. Crypto is a scam. Let it burn and end crypto future.
lol is this the Luna chart .
how’s the tulip market these days?
Bitcoin is still above its yesterday lows as I type this. Technically.. crypto is doing better than the stock market at present. I’m sure some people out there really hate that fact.
Crypto is speculative junk.
nice use of beget
Btc goes to
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