Hey mate, I myself understand this usecase.

Sorry if I wasn't being clear.

I am all for stable cryptocurrencies but not cryptocurrencies which prey on desperate people wanting 100x returns or promising too much that we all know is BS for hype and not delivering on it.

I myself am a teenager and uh had gotten some 100 ish dollar from winning competitions in crypto space (not that much, but I am proud of it kinda money) and uh I couldn't really get that money if it wasn't for crypto y'know.

If I hadn't made my stance clear, I am all for stable cryptocoins but that is just a very (minor?) part of the amount of things on crypto and all others usually generally harm, sure there are some outliers but here's an article that I had made when I ragebaited so hard one day about some crypto thing that I basically just wrote an article trying to explain my situation

https://justforhn.mataroa.blog/blog/most-crypto-is-doomed-to...

"This whole space is still full of scam. 99% of the times everyone has ulterior incentive (to earn money) but still I mean, it kinda exists and I mean still crypto (stablecoins?) are the only sane way to transfer money without kyc"

This is one of the comments that I had written and I hope I can make my stance clear. I just searched and found that I have written about stablecoins 10 times almost seperately in the article and uh I am all for stablecoin and I think even In my original comment, I may have said that stablecoins are the only thing that is remotely nice about cryptocoins,maybe monero if we are really streching it.

I saw a r/cryptocurrency poll of someone saying that they are 97% for the money and 3% for tech and that point this is almost like polymarket gambling except being even worse and more out of your control, almost giving someone your money if you invest in some memecoin

I kinda (like?) stablecoins (even gold like paxg is good) but not much anything else as a baseline of token for the most part, i myself have usdc in things like stellar/polygon which also have low gas fees for the most part

So what are your thoughts? I hope I can make my stance clear lol,

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kelvinjps 8 hours ago | parent [-]

Yeah I understand what you mean, actually I've been investing in Solana, since it's the one that allows for low cost transactions and I feel like it's the network that's actually being used for useful stuff (stripe, visa are working on building on top) so I made 30% in return. Since cryptos are risky I didn't put much money and only made 50$, But I'm faithful of the development of Solana, stablecoins and the like.

	▲	Imustaskforhelp 8 hours ago \| parent [-]
		I have created things on top of nano which has literally 0 fees. https://nanotimestamps.org/appseed (scroll to the end otherwise its all for appseed which was some something that I vibe coded lol) uh, the point I am trying to make is that sure you might invest into solana for less gas fees but the point is that, you used it with usdc, I am not sure if solana requires some minimum balance of solana or smth, i think it does but just because people can pay less fees while paying usdc on solana chain doesn't make me believe that solana's native token price should increase if the gas fees are low... Like, quite frankly, they are all driven on speculation. Sure there is some aspect of investment but the reason I believe in stock markets or even money is that they grow because people get somewhat more productive over time from all agreggates whether its through tech or just innovation or just learning from mistakes. Crypto might grow and it might not grow, its certainly more risky and risky might make it more profitable or loss at the same time. See the thing is, I believe that things are for the most part kinda accurate in their prices and if they aren't, then I shouldn't want to mess around trying to prove the market wrong. Because mostly its kinda an efficient market with robots that can trade in milliseconds but it was efficient even before that. I am sure that solana's price is effectively weighed in and if its not, then well, i still wouldn't want +/- 30% Stripe is also building its own chain (tempo) i think.. I am all for stripe having cryptocurrency too but just stablecoin. Uh, idk man, I see these people making 30% returns and I think wow, but then I see the amount that they put and the time they invest in and they say that they are "learning" which is great but still, my questions is if this is even smth that you can "learn" Because the thing is that if you can guarantee me 30% returns for 30 years or even guaranteed 30% or even some previous data to back that on historically, that would be great but even historical data isn't enough sometimes which is why I think of productivity as the final benchmark My brother had like 1$ in polymarket will btc go up or down, he made 100% in an hour, he gave me all the stats of the world of these max smth curves and how they go and I appreciate my brother a lottt but I can't help but I just don't like this where he feels like he needs to earn money on top of money. Idk maybe its me but i literally can't predict if solana can get hacked tomorrow and it can make it all 0. I saw some project on HN about how Sui, a literal billion dollar coin is suffering through some sort of not well setup nodes and a malicious actor could thereotically stop the byzantine consensus and might even bring the network down lol. Maybe I am old schooled when I am a literal teenager but here's almost a pipeline that I feel like "investors" get into, investing -> trading -> options trading/derivatives / forex -> cryptocurrencies -> memecoins -> polymarket trading / crypto trading I have thought of actually writing something of my own coin with low fees with just slightly more programmability than nano to integrate it into something like cosmic while having maybe 0 gas fees but honestly, I would do it for the tech not for the money while the money is lucrative too. If you really want, there are some better ways like how there was this 2048 thingy launched by some crypto that I kinda won for like 0 fees and got like 100 bucks and i had invested nothing in but i think that it ended. I feel like the only times I made money was when I was lucky but if I am honest, I kinda made like infinity percent the first few times just doing smth i like / messing around but that's not really sustainable or predictable but neither is the 30% imo. Also uh yeah some coins might require some basecoin like stellar required 0.5 stellar and 1 to get usdc but i doubt that just because of them, smth like stellars price can grow & there is this usdc project whose aim is to make gas fees also in usdc and I hope that those gas fees could be low as that could be extremely useful imo. To each their own, I don't even trust S&P 500 at this point given how concentrated they are into AI. Would love it if you could mail me (see my about me!) . I love talking about it! I hope you can read the article that I shared and I would love hearing your thoughts. The tech is cool but people have ulterior incentives. When I say not to & to invest in something as boring as world index funds, i legit don't have a ulterior motive for the most part aside from bringing what I believe a reasonable financial opinion to everybody and hearing them out.