Classifying Stablecoins: AltCoins, E-Currency, or Beyond?

[jafo]

This USDC commercial made me wonder... 🙄



https://twitter.com/x/status/1731843101227098251

 

[JohnnyDoe]

As poo¤%&&coins

 

[jafo]

OK, but for transaction purposes....
For example, Paying‌ e.g. Jackie Chan for Kung Fu shoes in China and avoiding bank monkeys and two‍ weeks of due diligence and SOF/SOW documentation BS, how would you sub-categorize them? 🙄

PS. I⁠ know poo¤%&&coin is the main category, but how about the subcategory? smi(&%

 

[daxbr]

Undetermined untill we see the shoes.⁤ Got link?

 

[Sols]

What are the categories? What are we comparing them to? What's the goal?

 

[jafo]

NGL, I don't have an exhaustive‌ list, but from my experience I can list these:

1. Bitcoins
   
2. Altcoins e.g. ETH, XMR, XNO,‍ LTC, etc. (not to use that other unpleasant term 😉 )
   
3. Stablecoins e.g. USDT, USDC, DAI,⁠ etc. (which my clients and suppliers use to do fast unencumbered transactions to avoid the⁤ slow banking system and its SOF/SOW/Invoice/Tax returns, etc. requests i.e. ACH, wire transfer, SEPA, etc.⁣ etc., so I too am compelled to go along if I don't want to starve.⁢ Life's TOO short for me to argue with my suppliers and buyers 🙄 )
   
4. CBDC (just︀ adding this due to everyone doing the fear-mongering
   
5. ???????
   

The traditional slow and overwhelming banking system with lots of︂ ridiculous documentation demands with funds being frozen... 🙄

Increase business by avoiding any and all tasks NOT related to product procurement, logistics, and︄ delivery.

 

[Wellington]

Stablecoins = fiat representives on rails (nothing new) - PayPal, LindenBucks, etc

Bitcoin = tech‌ + monetary + scarcity = digital gold (money)

Ethereum / Solana = tech + digital‍ currency credits