this post was submitted on 04 Aug 2025
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You've got it reversed. Nothing whose value increases long-term can be a good replacement for fiat currency, because then anyone with crypto will ask "should I buy this today when I know that everything will cost fewer coins next year?" and at the very best you get Japan's Lost Decades forever.
That's not to say that the average shitcoin would work better as a fiat currency than baseball cards, but they might not be doomed at the design stage -- although they probably were to bring in the initial base of speculators who now need to find a bigger fool willing to trade something immediately usable for the shitcoin.