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

[jafo]

This USDC commercial made me wonder... 🙄

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

 

[JohnnyDoe]

As poo¤%&&coins

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@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields​

 

[jafo]

JohnnyDoe said:
As poo¤%&&coins
Click to expand...

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]

jafo said:
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(&%
Click to expand...

Undetermined untill we see the shoes. Got link?

 

[JohnnyDoe]

jafo said:
PS. I know poo¤%&&coin is the main category, but how about the subcategory? smi(&%
Click to expand...

the biggest pile of elephant poo¤%&&coins of all the poo¤%&&coins, with a storm of flies over it looking like this:

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[Sols]

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

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This is the probably the answer to your question.

 

[jafo]

Sols said:
What are the categories?
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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 (just adding this due to everyone doing the fear-mongering
5. ???????

Sols said:
What are we comparing them to?
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The traditional slow and overwhelming banking system with lots of ridiculous documentation demands with funds being frozen... 🙄

Sols said:
What's the goal?
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Increase business by avoiding any and all tasks NOT related to product procurement, logistics, and 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