Fred Ehrsam pfp
Fred Ehrsam
@fehrsam
Fiat as a product is horrible for 2.6bn people. Crypto and stables can fix this.
39 replies
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1500 reactions
ted (not lasso) pfp
ted (not lasso)
@ted
okay now show average memecoin loss for retail investors
35 replies
84 recasts
695 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
0 recast
31 reactions
scottrepreneur pfp
scottrepreneur
@scottrepreneur.eth
@bpmilne, re your question "why stablecoins are great" content
0 reply
1 recast
13 reactions
Greg Lang pfp
Greg Lang
@designheretic
🤝
0 reply
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0 reaction
Erik pfp
Erik
@eriks
🎯 it will w time
1 reply
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38 reactions
Ian Place pfp
Ian Place
@ians-place
The best stables are collateralized by fiat so do you wanna elaborate at all?
1 reply
0 recast
3 reactions
Tmophoto pfp
Tmophoto
@tmophoto
how does crypto or "stables" fix this. stable coins lost 45% according to your chart.
2 replies
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2 reactions
wahoo.eth 🎩✨ pfp
wahoo.eth 🎩✨
@wahoo
Very true. Money printing shows no sign of slowing down. 113✨
0 reply
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2 reactions
yangwao ↑ pfp
yangwao ↑
@yangwao
Does it account average memecoin loss for retail investors?
0 reply
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1 reaction
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
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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
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Electrifying pfp
Electrifying
@electrifying
Good point
0 reply
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Rhorse pfp
Rhorse
@rhorse
Good products, but it won’t happen in our lifetime
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RK pfp
RK
@warp420
What if stable depegs like happened back than $USDC it may crash but also crash market with them $BTC crashed like 12% that day never be forgotten
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Sasha pfp
Sasha
@perrsiikk
So interesting
0 reply
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Sagecharacter pfp
Sagecharacter
@sagecharacter
Fully agree with you
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eggplant🎩 pfp
eggplant🎩
@eggplant
hello baby
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Erik3.eth pfp
Erik3.eth
@tron
Does having one stable currency, with immutable value, across the whole world change this? Feels too simplistic .
0 reply
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thebestwallet pfp
thebestwallet
@thebestwallet
is that fiat actually lost (as in stolen) or depreciation?
0 reply
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0 reaction