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Mass adoption for everyday purchases vs. hodl often sounds contradictory. Where are you at with these principles?

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by COINS NEWS 137 Views

One thing that’s always seemed a little odd to me since getting into crypto around 2018 are the number of people that are diehard “hodl or die”. At the same time we constantly hear about wanting mass adoption with the idea that crypto will replace fiat. What’s wrong with both?

Given how dead serious people get about one or other when it comes to commenting, it often come across contradictory knowing that people do both. I’ve noticed, We tend to especially talk down to people here that may actually find an exchange useful.

I get and like the idea of self custody but with gas fees for exchanging it’s not as convenient. At the same time I also get that it’s not a good idea to keep the main nest egg in an exchange that could go the way of FTX.

Main point is that I think we need to be less harsh about telling people what they have to do when different options work for different things.

Side note since it will come up: Yes I know someone can pay from their own wallet but, we also need to think about people that pay or take various crypto payments that want to or prefer to convert (for fee) or deposit to their bank account.

TLDR: It’s not one or the other. It’s completely fine to 1) hold your nest egg in self custody and also 2) keep some Dogecoin or XLM (examples only) in an exchange linked to a bank account for gas free exchanges and payments to and from people. Both serve different purposes.

submitted by /u/shredslanding
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