"works as advertised, so technically it's not a scam."
It often does not work as advertised. It is not an efficient form for transferring money compared to say, Wise. I used to be able to buy a game off Steam or a burger off a crypto wallet, but neither of these things are available today.
So the use case then becomes that they hodl on to something that increases in value in time. But that sounds a little like a scam as well.
Stablecoins are in actual use and not a scam, but they're effectively USD to USD, at a loss.
Comments
"works as advertised, so technically it's not a scam."
It often does not work as advertised. It is not an efficient form for transferring money compared to say, Wise. I used to be able to buy a game off Steam or a burger off a crypto wallet, but neither of these things are available today.
So the use case then becomes that they hodl on to something that increases in value in time. But that sounds a little like a scam as well.
Stablecoins are in actual use and not a scam, but they're effectively USD to USD, at a loss.