Fred Ehrsam pfp
Fred Ehrsam
@fehrsam
Fiat as a product is horrible for 2.6bn people. Crypto and stables can fix this.
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ted (not lasso) pfp
ted (not lasso)
@ted
okay now show average memecoin loss for retail investors
32 replies
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982 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
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scottrepreneur pfp
scottrepreneur
@scottrepreneur.eth
@bpmilne, re your question "why stablecoins are great" content
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Greg Lang pfp
Greg Lang
@designheretic
🤝
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Erik pfp
Erik
@eriks
🎯 it will w time
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Ian Place pfp
Ian Place
@ians-place
The best stables are collateralized by fiat so do you wanna elaborate at all?
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Tmophoto pfp
Tmophoto
@tmophoto
how does crypto or "stables" fix this. stable coins lost 45% according to your chart.
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wahoo.eth 🎩✨ pfp
wahoo.eth 🎩✨
@wahoo
Very true. Money printing shows no sign of slowing down. 113✨
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yangwao ↑ pfp
yangwao ↑
@yangwao
Does it account average memecoin loss for retail investors?
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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.
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𝚣𝚘𝚣 🎩 pfp
𝚣𝚘𝚣 🎩
@zoz.eth
fiat has had quite the head start..... It will be bypassed in a fraction of time
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Chuks Nnabuenyi Jr pfp
Chuks Nnabuenyi Jr
@chuksnjr
Stables doing a lot in emerging markets. Those who use stables have escaped inflation on steroids
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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 .
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Daniel pfp
Daniel
@datdudinh
How? The problem come from else reasons like politics, resources, … how crypto and stables can fix that?
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thebestwallet pfp
thebestwallet
@thebestwallet
is that fiat actually lost (as in stolen) or depreciation?
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konda~🪬 pfp
konda~🪬
@grsh421
Full agree. Fiat made a lot in world economy, but now it has not less problems. And crypto can solve it like always. As we see , every crysis in world , crypto made a big pumps. So waiting for this now
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A~selem👁️🎩 pfp
A~selem👁️🎩
@acgentle
Crypto is a big fix for the flaws of fiat
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latarek pfp
latarek
@latarek.eth
And then we need to see average VC coin with high unlocks :D
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Cliff Blank pfp
Cliff Blank
@blank
https://media.tenor.com/udyaIUzqWBcAAAAM/preaching-to-the-choir-preach-it-sister.gif
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