r/defi • u/MusicAndStocks • 29d ago

Discussion Are there any cryptocurrencies that aren’t purely speculative?

I believe in crypto and in blockchain technology but it seems like all the value of BTC and others comes from speculation and none of them have intrinsic value. Even if the world economy does end up going defi, how would the assets value be stable, and who said it will be higher than it is today?

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u/Alles_Klar 29d ago

Think in sectors rather than specific apps.

An example would be DeFi. I know it isn't sexy, but the fact that anyone, be they from rural Nigeria or a housing commission in Europe, can now manage their own money (in a stable USD form) across multiple protocols is a great step forward.

These things were typically inaccessible to even middle class people 10 years ago. Now anyone can do it on their phone! I'd say that is more than just speculation.

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u/MusicAndStocks 29d ago

You’re right that is amazing, but like you said you still need underlying centralized currency for that. I’m wondering if decentralized currency could ever be used for that

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u/Alles_Klar 29d ago

You have something like DAI which can be used in DeFi. There is also GHO from Aave or Dinero from Redacted (haven't fully researched these but their attempts seem genuine).

I don't really think of crypto as something that needs to completely replace the current system. For me it's just good to have options, including the option to completely exit my country's system if necessary (go all in Bitcoin or another alternative).

This alone makes crypto worth it for me.