I’m hodling a few XLM last year and more than happy to invest more on it because of the Coinbase earn video, but I’m quite surprise when I found Coins.ph, once cooperating with Stellar, is now providing ripple and bitcoin cash instead.
Then I read the description of Stellar Lumens on stellar.org once again carefully:
“we needed to introduce just the slightest bit of friction to deter bad or frivolous actors.”
For me this does not really make sense, seems like the meaning of the existence of XLM is equal to “ the slightest bit of friction”/ “transaction fee”, instead of a currency for payment, which makes people doesn’t want to invest in it. It’s like one wants to invest in ETH, instead of GAS.
Strangely, the transaction fee of Stellar (XLM) is much more famous than it’s supporting fiat (like AnchorUSD), at least one can find XLM on Coinbase, Binance, Etoro etc., instead of USDX, which you can only find dollar index when googleing it.
For some altcoin as old as XLM, like LTC or DASH, at least on the website one may know where to use them to buy a T-shirt or a cup of coffee or so, and seems like other PoS blockchain is dominating the overseas transfer market more successfully.
I’m quite worry about the future situation of XLM, but at least there’s an active forum here, so hope it’s not that bad. Anyway I think there’s a need to change XLM into some widely tradable currency, instead of a transaction fee/ staking/ speculating token. I don’t have specific suggestion for now, but I think there will be.
FYI I’m from Hong Kong, somewhere desperately need a useful cyptocurrency.