And which are trivial to convert back and forth between real money and cryptocurrency? And hold their value with sufficient stability that you can convert USD into the currency, make a transaction, wait a few weeks, make a transaction the other direction and then convert back into USD, with roughly no loss in value?

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sowbug 5 hours ago | parent | next [-]

For this use case, that's a virtuous proof-of-work requirement.

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rvz 4 hours ago | parent | prev [-]

Very tough question. Stablecoins?

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mort96 3 hours ago | parent [-]

Didn't people realize that those automated pegging algorithms don't really work after the last round of stablecoin collapses

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fidelramos 2 hours ago | parent | next [-]

At least DAI is holding well. It existed before LUNA and it continues to work today.

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rvz 2 hours ago | parent | prev [-]

Except not all stablecoins are the same.

	▲	mort96 23 minutes ago \| parent [-]
		They essentially are to me, because I don't know how to differentiate them. Before the collapse, I would not have been able to look at the ones which collapsed and the ones which didn't and predict the outcome.