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The original was posted on /r/nanocurrency by /u/Beatsu on 2024-07-27 11:20:54+00:00.

I’m no economist and know very little about the details in crypto, but I’m against the idea of buying and selling crypto as means to “quickly 10x your money” and viewing it as an asset. I want to see crypto being used practically for transactions in day-to-day life.

The Nano project seems to share that vision of crypto, so I would like to test out using nano to spread its adoption and see its use in a practical integration in day to day life. However, I’m afraid of the price fluctuations and how they might affect the practical usability of nano - I don’t want the price for nano to drop and then suddenly not be able to pay for practical things.

Say for example a friend of mine buys a laptop worth $500 and then resells it to me for 61 nano, then the price of nano in usd halves. My “buying power” with nano would be only $250.

If I want to adopt this with friends, should I therefore agree on a fixed exchange rate/evaluation within our group? E.g. 1 nano = 1 usd, or is that just dumb (if so, why? What are the consequences)? Any other ideas to efficiently adopt nano and minimize the risks of the fluctuating value?