My Thoughts on Cryptocurrencies and Stablecoins
As of 2026, I distinguish between cryptocurrencies and stablecoins in the following way. I define cryptocurrencies as the ‘base currency used to pay transaction fees that demonstrate the existence of the blockchain’. This is because cryptocurrencies are indispensable for paying gas fees and acquiring NFTs
I define stablecoins as ‘responsible, fiat-backed currencies issued by private entities that are bound by law and regulation to maintain a 1:1 value ratio’. This is because they are not designed to withstand the kind of massive crashes seen with cryptocurrencies; rather, the fundamental priority is that the currency remains stable at all times.
I do not hold cryptocurrencies for speculative purposes, but rather use them primarily for making payments. I use stablecoins solely to stabilise assets on each individual blockchain.
To put it plainly, I believe that the more fiat-backed stablecoins there are on a blockchain, the greater the value of that blockchain is considered to be. I have absolutely no desire to engage in casino-style gambling, nor do I wish to participate in money games.
I would be delighted if this perspective and these values could contribute to the sharing of knowledge amongst many people. Even if objections are raised, I will never change this way of thinking for the rest of my life.
