Comment by jcalvinowens

> My worst case total risk exposure is approximately the same as the cost of 3 months of payment processing

Okay, yes: what you're describing is the actual utility of these things.

I think you underestimate how many people dealing in them are using them much less intelligently than you are.

They are being marketed in an extremely dishonest way, as a safe long term store of value. I regularly overhear normal people at my local bars talking about how they're "investing big in stablecoins" and it terrifies me.