2025-12-07 20:20:20

#数字货币市场洞察 In the Web3 era, what can virtual currencies actually do?

Some people say Bitcoin is the money of Web3. That’s not quite accurate.

A more precise way to put it is—Bitcoin is just one type of native asset within Web3.

Web3, with VR, AR, and other new technologies, will bring completely different interactive experiences. But at its core, it’s still about decentralization. Only decentralization can ensure data truly belongs to you, and that’s what could give rise to new economic models.

Since it’s a decentralized world, it needs a native payment tool that truly fits it.

But the problem is, that tool hasn’t appeared yet.

Algorithmic stablecoins were once highly anticipated, since they look great in theory. But the whole LUNA incident really scared everyone, and its shadow still lingers.

Personally, I still think algorithmic stablecoins have potential and might become the payment currency of Web3. But in their current form? It’s still too early—they need more time to develop and be tested. $ETH $BTC

BTC-0.67%

ETH0.15%

LUNA24.14%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

9 Likes

Reward
9
10
Repost
Share

Comment

0/400

DiamondHands

· 6h ago

Algorithmic stablecoins? How many more years will it take for them to turn around? --- The shadow of LUNA is indeed too big; who dares to touch it again? --- Honestly, right now it's just waiting—waiting for the next innovation. --- Decentralized payment tools will eventually emerge; the market needs them. --- Bitcoin itself is quite stable; why bother looking for alternatives? --- The theory of algorithmic stablecoins is perfect, but reality has slapped it in the face—it's funny. --- Web3 payments are still a big pit; you can't step on it. --- Taking time to verify is the right approach; stop trying to do anything shocking. --- Actually, right now, nothing beats USDT in terms of reliability. --- Looking forward to the next generation of stablecoin solutions; hope there won't be any more crashes.

View OriginalReply0

NFT_Therapy

· 12-09 03:45

The whole algorithmic stablecoin incident really scared people. It'll take time to gradually restore confidence.

View OriginalReply0

GateUser-e19e9c10

· 12-08 19:16

For algorithmic stablecoins to really take off, the whole LUNA incident needs to be completely put to rest first. It's totally understandable that people are scared off by LUNA, but I don't think now is the right time to jump in. The idea that Bitcoin is just money is honestly too shallow—I agree with the original poster's logic. Web3 really is missing a truly useful payment tool, and that's a spot-on observation. Stablecoins might really become the key, but it all depends on who can make something that won’t collapse. The shadow of LUNA still looms—if it happens again, the whole industry might be dead for half a year. The concept of algorithmic stablecoins is good, but the fear is it’ll end in disaster again, hurting serious investors. I’m optimistic about algorithmic stablecoins too, but we need both the technology and trust to be ready—no need to rush. What people need is a reliable payment solution, not just another project to fleece retail investors.

View OriginalReply0

DataPickledFish

· 12-08 10:49

Can algorithmic stablecoins really make a comeback? The shadow of LUNA is indeed huge. Honestly, it’s still unclear at this stage, let’s take it slow. Web3 payment tools are still in the trial-and-error phase, no need to rush. I was also shocked by the whole LUNA situation, we have to wait for something truly reliable to emerge. Bitcoin is just one type of asset, that’s true—don’t mythologize it. Is it really that hard to create a decentralized payment tool? It feels like there still isn’t a solution. Algorithmic stablecoins still have a chance, but they need time to prove themselves. Hang in there, everyone. By the way, how long will it actually take for Web3 to truly become mainstream? I appreciate the mindset of taking it slow and verifying over time—don’t rush to make quick money. The current stablecoin solutions are far from perfect, we need to keep exploring.

View OriginalReply0

MetaverseVagabond

· 12-07 20:49

Damn, that LUNA incident really woke people up. Just mentioning algo-stablecoins now gives me PTSD. The concept of algorithmic stablecoins is good, but the trust issue has to be solved first. This is the real challenge for Web3 payments, not an issue with any particular coin. Bitcoin is just Bitcoin, don’t try to force all sorts of identities onto it. It’s bound to happen sooner or later, but now just isn’t the time. The stablecoin sector still needs more exploration—we can’t afford another disaster. Theory is perfect, reality slaps you in the face. When will this cycle finally break? A decentralized payment infrastructure is indeed still a gap right now. I’m optimistic about this direction, but don’t rush to go all in. Let’s watch and see.

View OriginalReply0

LucidSleepwalker

· 12-07 20:40

The pitfalls of algorithmic stablecoins, LUNA really scared me. --- Bitcoin is just money? Wake up, man. --- There isn’t even a shadow of a decentralized payment tool yet, everyone’s still waiting. --- Take it slow and verify step by step—I agree with that. Don’t let there be another LUNA. --- If anyone can clearly explain Web3 payments, I’ll admit defeat. --- The theory is beautiful, but reality is harsh. Algorithmic stablecoins still need more time. --- After the shadow of LUNA for so long, who still dares to touch algorithmic stablecoins? --- Decentralized data is one thing, but payment tools? That’s a joke. --- Native assets and real payment tools are worlds apart.

View OriginalReply0

ColdWalletGuardian

· 12-07 20:39

Well said, the LUNA incident really left a psychological shadow over the whole sector. After algorithmic stablecoins crashed once, everyone has become much more cautious, but in theory, this is indeed a direction worth exploring. It's true that Bitcoin is just an asset; the key is still waiting for that real payment tool to emerge. Right now, everyone is burning money experimenting—whoever can hold out until that day will win.

View OriginalReply0

BlockchainArchaeologist

· 12-07 20:31

That whole algorithmic stablecoin thing really needs to wait a bit longer, the lesson from LUNA is still fresh. --- Bitcoin is just money? Ha, wishful thinking. --- The decentralized payment tool has been talked about here for so long, and still, nothing decent has come out. --- After the LUNA crash, who dares to touch algorithmic stablecoins? I certainly don't have the guts. --- The theory sounds great, but reality is harsh. The payment problem in Web3 still needs a lot of work. --- Wait and wait, but can we really afford to wait? --- Native assets are fine as native assets, but payment is still a real pitfall.

View OriginalReply0

OneBlockAtATime

· 12-07 20:31

The whole algorithmic stablecoin thing—LUNA really blew up the entire track. This shadow might take years to fade. --- Decentralized payment tools haven't appeared yet? I feel like we've been waiting for something that doesn't even exist. --- The statement that Bitcoin is just a native asset is reliable, but honestly, who still uses it as a payment tool these days? --- What happened with LUNA really scared people. Now just mentioning algorithmic stablecoins makes people uneasy. Slow validation? We're probably looking at another ten years or so. --- Web3 payment tools are nowhere to be seen, but there’s an endless stream of worthless coins. Now that's true "decentralization." --- I actually have some hope for the future of algorithmic stablecoins, but the road could be a really long one. --- The decentralized world needs payment tools, but in reality, none of them are easy to use. That’s the current state of Web3.

View OriginalReply0

NftDeepBreather

· 12-07 20:27

I agree with the idea of toughing it out slowly; anyway, there's no need to rush right now. --- The LUNA incident really scared people; it'll take a lot of effort for algorithmic stablecoins to make a comeback. --- Payment tools haven't appeared yet? Then what are we using now? Just making do, right? --- Decentralization sounds great, but when you actually use it, it's still a mess. Let's get the security sorted out first. --- Instead of waiting for the perfect Web3 payment tool, let's see who can survive until then. --- I get the logic, but it feels like Web3 payments are always just one step short. --- If algorithmic stablecoins really succeed, then the lesson from LUNA won't have been in vain. --- It might take eight or ten years to fully verify things. I'll focus on making money now.

View OriginalReply0

Trending TopicsView More
#FedRateCutPrediction
45.28K Popularity
#PostonSquaretoEarn$50
43.13K Popularity
#CryptoMarketRebound
304.32K Popularity
#SUIETFLaunched
12.23K Popularity
#BitcoinActivityPicksUp
10.83K Popularity

Hot Gate FunView More

1
i-in-ingi-in-ing
MC:$3.65KHolders:1
0.00%
2
ODDCONE DOLLAR DREAM COIN
MC:$3.68KHolders:2
0.04%
3
GLXGLX
MC:$3.63KHolders:1
0.00%
4
GGGate Gorila
MC:$3.63KHolders:1
0.00%
5
MicroBug MicroBug Coin
MC:$3.62KHolders:1
0.00%

Sitemap