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Imustaskforhelp 3 hours ago

I am a stauch cryptocurrency avoider (most are very scummy) but I once was in part of tournament and got some crypto and so I just converted it into gold stablecoin. (partially because cashing out was/is hard and I am a minor)

I am not kidding but the whole crypto market has bled so much when I have been in like +20% or something. Its crazy.

I highly recommend Paxos gold but I had around 100-200 bucks and hte isuse is of Ethereum 7$ gas fees which I shouldve known (I usually use polygon usdc 0 crypto bs only stablecoins)

I think Paxos,Xaut are some good options and there are probably some neobanking solutions to this as well

andsoitis 3 hours ago | parent [-]

> stauch cryptocurrency avoider

as a staunch avoider you know and do quite a lot in the space!

Imustaskforhelp 3 hours ago | parent [-]

Well I am avoider because I feel like people necessiate that interest in tech or tech being cool === profitable or some thing

I have built cryptocurrency related stuff (usually for free) out of just mere curiosity on proving systems and other solutions and that's how I know some things

In fact I was just curious about proving something and then I took tournament just to explain that and got some simple but nice money (25$) which made me get to more tournaments and other things haha

Moral of the story is to be reasonable with your money and if you still wish to invest, invest in your companies/projects.

That being said, stablecoins are still pretty lucrative. I follow only stablecoin news because I find the idea of remittances etc. interesting.

I usually follow https://stablecoininsider.org/ but holy cow they write texts with LLM's and that sucks imo and I am following them less and less.

I just like the idea of stablecoins though because it can genuinely open up new possibilities if done properly

Even then when I was building my first such project, I actively avoided crypto but I just wanted to prove it lol and actively wanted to look for other projects

(The idea is basically using nano zero fees coin with vanity link generators and looped transactions to permanently store very few data (like bytes) free of cost in blocks permanently, useful in proving identity of someone who wrote something while providing a timestamp when it happened, thus nanotimestamps)

Nothing is being built on it even though I think the idea did have potential but eh, I am happy lol. I am a stablecoin fan usually/traditional finance fan of index funds because I wanted to go for finance field for so long and read books about it I guess