Fred Ehrsam pfp
Fred Ehrsam
@fehrsam
Fiat as a product is horrible for 2.6bn people. Crypto and stables can fix this.
21 replies
396 recasts
2522 reactions
ted (not lasso) pfp
ted (not lasso)
@ted
okay now show average memecoin loss for retail investors
20 replies
116 recasts
1186 reactions
Thomas pfp
Thomas
@aviationdoctor.eth
Crypto at large doesn’t fix this — most tokens are flaming garbage in which people get burned Stables don’t fix this — they’re pegged to fiat, so they’re functionally equivalent to holding fiat (with extra risk) There’s a point to be made about crypto as hedge against inflation but it needs to be much more specific to be helpful, otherwise it’s actively harmful
3 replies
4 recasts
56 reactions
Erik pfp
Erik
@eriks
🎯 it will w time
1 reply
4 recasts
40 reactions
scottrepreneur pfp
scottrepreneur
@scottrepreneur
@bpmilne, re your question "why stablecoins are great" content
0 reply
3 recasts
25 reactions
Ian Place pfp
Ian Place
@ians-place
The best stables are collateralized by fiat so do you wanna elaborate at all?
1 reply
2 recasts
7 reactions
Vova 🎩 pfp
Vova 🎩
@vova
Stables aren't much better. It's still the same fiat that lost 20-25% since 2019. But it's an easy to understand product for those 2.6bn.
0 reply
2 recasts
5 reactions
Tmophoto 🟡🎩 pfp
Tmophoto 🟡🎩
@tmophoto
how does crypto or "stables" fix this. stable coins lost 45% according to your chart.
1 reply
2 recasts
4 reactions
wahoo.eth 🎩✨ pfp
wahoo.eth 🎩✨
@wahoo
Very true. Money printing shows no sign of slowing down. 113✨
0 reply
2 recasts
4 reactions
Niko 🎩 pfp
Niko 🎩
@nikdmello
key takeaway: look at what turkey is doing and inverse that 115✨
0 reply
2 recasts
2 reactions
goobthebuilder pfp
goobthebuilder
@goobthebuilder
Genuinely asking how stables can fix this? Aren't stables tied to fiat? The AI answer doesn't seem sound.
0 reply
1 recast
2 reactions
Luigi Stranieri🎩🔵 pfp
Luigi Stranieri🎩🔵
@luigistranieri
Would love to see Japan.
2 replies
1 recast
1 reaction
fabioseva.⌐◨-◨ pfp
fabioseva.⌐◨-◨
@fabioseva
@bankofbased and /imf are here to fix that
0 reply
1 recast
1 reaction
HΞLiX ♻️🧙‍♂️🎩 pfp
HΞLiX ♻️🧙‍♂️🎩
@h3lx.eth
Stables aren’t stable though, they’re tied to an asset with enough problems of it’s own
0 reply
1 recast
1 reaction
Greg Lang pfp
Greg Lang
@designheretic
🤝
0 reply
0 recast
1 reaction
yangwao ↑ pfp
yangwao ↑
@yangwao
Does it account average memecoin loss for retail investors?
0 reply
0 recast
1 reaction
𝚣𝚘𝚣 🎩 pfp
𝚣𝚘𝚣 🎩
@zoz.eth
fiat has had quite the head start..... It will be bypassed in a fraction of time
0 reply
0 recast
0 reaction
Json🎩🐹🫂🧾 pfp
Json🎩🐹🫂🧾
@jy3d
Monitary policy exist in fiat and crypto, bad decisions hurt both
0 reply
0 recast
0 reaction
K 🎩🔆 pfp
K 🎩🔆
@kijijij
I agree, this is i totally get
0 reply
0 recast
0 reaction
cryptocellaris 🎩 pfp
cryptocellaris 🎩
@cryptocellaris
wtf happened to turkey
0 reply
0 recast
1 reaction